Santa Clara County - Q4 2024 Market Overview

In Q4 2024, Santa Clara County’s real estate market reflected seasonal trends with significant shifts in key metrics. Active listings saw a sharp decline, ending the quarter below 700, indicating reduced seller participation during the winter months. Sold listings followed a gradual downward trend, to around 825 properties sold by the end of the quarter.

Median sales prices saw it's second highest peak for the year in October then dropped around $1.5 million. The average days on market rose to approximately 30 days, suggesting properties took longer to secure buyers. The average price per square foot adjusted to near $1,033, marking a slight softening in pricing pressure.