Santa Clara Real Estate Listings & Homes for Sale

In September 2024, Santa Clara’s housing market saw a significant rise in home prices, with the median price increasing by 14.7% from the previous year to $1.8 million. While home values have surged, the average time on the market has also lengthened, with homes selling in 15 days compared to just 9 days last year, suggesting slightly reduced urgency among buyers. The number of homes sold rose to 64, up from 42, reflecting increased buyer activity. Interestingly, the median price per square foot dropped by 8.6% to $960, indicating that while overall prices are higher, buyers are now securing larger properties or receiving more space for their investment. This dynamic reveals a complex market where high demand meets evolving buyer preferences, making it a compelling time for both buyers and sellers in Santa Clara.

Santa Clara’s housing market is highly competitive, with homes typically selling in just 12 days. Most properties receive multiple offers, often with buyers waiving contingencies to strengthen their bids. On average, homes sell for around 6% above the list price and go pending within 12 days, highlighting the strong demand. "Hot" properties in particularly desirable areas or with sought-after features can go even faster, selling for as much as 14% above list price and going pending in just 8 days. This fast-paced market makes it crucial for buyers to act quickly and be prepared for competitive offers.

Santa Clara is attracting significant interest from homebuyers across the country, with 3% of buyers nationwide considering a move to this highly competitive market. Honolulu tops the list of metros with the most interest in relocating to Santa Clara, followed closely by Santa Barbara and Pensacola. This demand reflects Santa Clara’s strong appeal, likely due to its proximity to Silicon Valley, vibrant job market, and high quality of life. As more out-of-town buyers consider Santa Clara, local demand and competition are expected to remain strong, making it an attractive choice for those looking to invest in a dynamic and growing community.