Browse listings and housing market information.
Sunnyvale, CA Housing Market Trends
In December 2024, Sunnyvale's real estate market experienced significant growth, with home prices rising by 21.6% compared to the previous year, reaching a median price of $1.8 million. This sharp increase highlights the area’s desirability and robust demand. Homes in Sunnyvale are selling slightly faster as well, averaging just 20 days on the market compared to 21 days last year, reflecting a competitive market where properties are moving quickly. Additionally, sales volume increased, with 49 homes sold in December 2024, up from 41 in December 2023. This surge in both pricing and transactions underscores the sustained interest in Sunnyvale as a prime residential destination.
Sunnyvale's real estate market is highly competitive, with homes typically selling in just 11 days. Many properties receive multiple offers, often with waived contingencies, reflecting the intense demand. On average, homes sell for approximately 7% above their list price and go pending within about 11 days. However, for especially sought-after "hot homes," the competition is even fiercer—these properties can sell for as much as 16% above their list price and go pending in as little as 8 days. This fast-paced market highlights Sunnyvale's appeal and the urgency for buyers to act quickly.
In December 2024, Sunnyvale, CA, was firmly a seller's market, indicating that the demand for homes exceeded the available inventory. With more buyers competing for limited properties, sellers had the advantage, often receiving competitive offers and selling quickly, further emphasizing the area's high desirability and limited housing supply.
Whether you're just starting your search or ready to make a move, Martin is here to guide you every step of the way. With in-depth knowledge of Sunnyvale's competitive real estate market and a commitment to helping you succeed, Martin is your trusted partner for finding the perfect property. Reach out now with any questions or to schedule a consultation—your ideal home is just a call or click away!
Explore everything Sunnyvale has to offer with our comprehensive neighborhood guide! From vibrant dining spots to top-rated schools and the latest real estate trends, we've got all the insights you need to make the most of this thriving community. Start your journey today and uncover why Sunnyvale is the perfect place to call home!
Whether it's finding you a home with everything on your checklist or helping you get ready to move, Martin has got you covered - advertising, financing, inspection and closing assistance, he will handle it all from start to finish.
