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Santa Clara County: Single-Family Home Statistics from March 2024 to February 2026
This chart shows how the single-family home market has been behaving over the past couple of years, both in terms of prices and how competitive buyers are. The gold bars represent the median sale price, which stays pretty steady overall, mostly hovering between about $1.8M and just over $2.1M. You see prices peak in spring and early summer (especially spring 2025), then cool off a bit toward the end of each year. It’s a very seasonal pattern, just the usual spring buzz and winter slowdown.
The blue line tells the more emotional story: how much buyers are paying compared to the list price. Early on, buyers were coming in hot, often paying 8–10% over asking. That competitiveness fades through late 2024, spikes again in early 2025 due to the spring market, and then noticeably cools off by summer 2025, when homes are selling much closer to list price—sometimes barely over.
By late 2025 and early 2026, things feel more balanced. Buyers are still paying over asking, but only by a few percentage points, suggesting a calmer, more rational market than earlier on. In short, the prices haven’t fallen off a cliff—they’re holding strong—but the intensity of buyer competition has cooled.
As of early February 2026, here’s a general market snapshot for Santa Clara County data:
- Median Home Price: Around $1.5M–$1.7M, depending on neighborhood and property type.
- Market Trend: Prices have remained relatively stable after modest growth in 2025, with continued demand driven by proximity to major tech employers.
- Inventory: Still limited, though slightly higher than the previous year, giving buyers a bit more leverage.
- Average Days on Market: Roughly 25–35 days, indicating a moderately competitive market.
- There are still multiple offers; it depends on the area and property.
Bay Area Apartment Rental Market
- Average Rent: About $ 2,800–$3,800/month for a 2-bedroom apartment.
- Trend: Rents have inched up slightly due to strong job growth and limited new housing supply.
