South Bay - Weekly Market Report: JAN 17 - 23, 2024

Check out this JAN 17 - 23, 2024 market report! Get the best insights on when to place a plan for your new home with this weekly market guide in South Bay.

📍 Campbell 📍 Cupertino 📍 Los Altos 📍 Los Gatos
📍 San Jose 📍 Santa Clara 📍 Saratoga

Campbell's real estate market is currently active with 5 active listings. There has been 1 new listing recently, indicating a steady flow of properties. The median sold price in Campbell stands at $1,760,000, making it an attractive option for those seeking moderately priced homes.

Homes in Campbell tend to spend 74 days on the market, which is relatively long compared to some neighboring cities. There are 5 pending sales, indicating ongoing buyer interest. No recent price changes suggest stability in pricing.

Cupertino's real estate market boasts 11 active listings, offering a reasonable selection. There have been 3 new listings introduced recently. The median sold price is notably high at $3,150,000, positioning it as a high-end market.

Properties in Cupertino tend to sell relatively quickly, with a median of 51 days on the market. There are 10 pending sales, indicating strong buyer interest. No recent price changes suggest pricing stability.

Los Altos currently reports 13 active listings, providing options for potential buyers. There have been 4 new listings recently, showing a steady influx of properties. The median sold price is not available, but the market is active.

Homes in Los Altos tend to sell quickly, with a median of 31 days on the market. The city has 3 pending sales, indicating buyer interest. No recent price changes suggest pricing stability.

Los Gatos' real estate market is unique with 45 active listings. With 2 new listings, there's a steady supply of properties. The median sold price is $1,740,000, making it an attractive option for buyers looking for a moderately priced market.

Properties in Los Gatos tend to stay on the market for a relatively short period, with a median of 31 days. Currently, there are 3 pending sales, indicating some buyer interest. No recent price changes suggest pricing stability.

San Jose's real estate market is bustling with 291 active listings. There have been 92 new listings, showcasing a robust market. The median sold price is $1,261,500, positioning it as a moderately priced market.

Properties in San Jose tend to sell quickly, with a median of just 16 days on the market. The city has 81 pending sales, indicating strong buyer demand. However, there have been 2 price changes, suggesting some market activity.

Santa Clara's real estate market is quite active, with 31 active listings. There have been 6 new listings introduced recently, highlighting a robust market. The median sold price is $1,880,000, positioning it as a moderately priced market.

Homes in Santa Clara tend to sell quickly, with a median of just 6 days on the market. There are 7 pending sales, indicating strong buyer demand. No recent price changes suggest a stable pricing environment.

Saratoga's real estate market offers 12 active listings, providing options for potential buyers. There have been no new listings introduced recently. The median sold price is notably high at $3,460,050, making it a high-end market.

Properties in Saratoga tend to stay on the market for an extended period, with a median of 14 days. The city has 3 pending sales, indicating some buyer interest. There has been 1 price change, indicating some activity in negotiations.

Overall Analysis:

Across these cities, the real estate market offers a diverse range of options for buyers. Cupertino and Saratoga cater to luxury buyers with high median sold prices, while San Jose and Campbell provide more moderately priced homes. Rapid sales are a common trend in most cities, with varying levels of inventory and buyer interest. Overall, the market appears to be active and stable, making it an exciting time for both buyers and sellers.


Want more professional advice on buying houses or listing your home in San Francisco Bay Area? 
Contact Tracy Tang Team for more exclusive info:

TRACY TANG
DRE# 01956297
(415)828-2961
[email protected]   
ALEX LAU
DRE# 01979954
(408)207-6113
[email protected]

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