Santa Clara County - Q1 2025 Market Overview

In Q1 2025, the Santa Clara County real estate market experienced a strong seasonal upswing, with active listings rising from under 800 in January to over 1,600 by March, and sold listings doubling from around 500 to 1,000 in the same period. Median sales price climbed steadily, ending near $1.7M—marking a significant gain from both Q4 2024 and the year prior. Average days on market dropped sharply from 35 to 17 days, underscoring brisk buyer activity and tight competition for desirable homes. Meanwhile, the average price per square foot hit a new high above $1,150, reflecting strong pricing power in the face of limited inventory. This momentum points to a competitive spring ahead, with pricing poised to hold firm or edge higher as inventory expands and buyer demand remains active.