Leave a Message

Thank you for your message. We will be in touch with you shortly.

MLS Listings Quarterly Market Overview – Q1 2021

April 20, 2021

Real Estate

MLS Listings Quarterly Market Overview – Q1 2021

Santa Clara County
• Median home prices in Santa Clara County were at an all-time high of $1,500,000, up 11.1% from the same period last year, and easily outpacing the record highs we saw throughout last year. Average prices were
also at a new all-time high of $1,818,546, up 14.4% from last year.
• New listings rose to 3,267, the highest Q1 since 2012. Closed sales were up almost 39% and pending sales
of 1,109 are nearly double the number at the end of Q1 of 2020 and are easily 20% above any prior Q1 numbers. Dr. Eisenberg says, “Buckle up folks, with the number of pending sales you have in the queue at the end of March, I think you are going to see a staggeringly busy second quarter and possibly another new price record!”
• Active inventory is on the lower end in Santa Clara County, with just 933 active listings and 1.3 month’s supply of available inventory. Homes sell at a substantial premium of 107% and the average number of days on market is
23 days, down significantly from last year’s 30 and the second-lowest Q1 DOM in recent memory.
• In the Santa Clara common interest market, the median sale price of $855,000 is a Q1 high, but nowhere near the all-time high price of $930,000 set in summer 2018. New listings were up by nearly 50% over last year, which prevented inventory levels from collapsing, as closed sales were up nearly 40% over the first quarter of 2020 and pending sales are more than double last March. Inventory levels bumped up to 602 active listings, a 57% gain over the same point last year, and months of inventory rose to 1.7, up from 1.5.

Click Here to Start Home Search

Explore Our Other Blogs

Stay Updated On Our Most Recent Blog Posts

Is San Jose Really a Wealthy Area? Unpacking Income, Housing & Lifestyle

Real Estate

Is San Jose Really a Wealthy Area? Unpacking Income, Housing & Lifestyle

Brian Ng  |  July 2, 2025

Is San Jose Really a Wealthy Area? Unpacking Income, Housing & Lifestyle
Avoid Realtor Regret How to Spot a Trustworthy Partner for Your San Jose, Evergreen & Silver Creek Ventures

Real Estate

Avoid Realtor Regret: How to Spot a Trustworthy Partner for Your San Jose, Evergreen & Silver Creek Ventures

Brian Ng  |  July 2, 2025

Avoid Realtor Regret: How to Spot a Trustworthy Partner for Your San Jose, Evergreen & Silver Creek Ventures
Is San Jose Real Estate Too Expensive? A Deep Dive into Prices, Rents & Value Drivers

Buyer's Real Estate Tips

Is San Jose Real Estate Too Expensive? A Deep Dive into Prices, Rents & Value Drivers

Thao Dang Pham  |  July 1, 2025

Is San Jose Real Estate Too Expensive? A Deep Dive into Prices, Rents & Value Drivers
Is Now the Right Time Evaluating San Jose, Silver Creek & Evergreen Opportunities with an Honest Realtor

Real Estate

Is Now the Right Time? Evaluating San Jose, Silver Creek & Evergreen Opportunities with an Honest Realtor

Thao Dang Pham  |  July 1, 2025

Is Now the Right Time? Evaluating San Jose, Silver Creek & Evergreen Opportunities with an Honest Realtor

Real Estate

Are San Jose Home Prices Really Dropping? What the Data Shows in Evergreen, Almaden & Silver Creek

Brian Ng  |  June 30, 2025

Are San Jose Home Prices Really Dropping? What the Data Shows in Evergreen, Almaden & Silver Creek
What to Expect in a San Jose Real Estate Consultation Your Evergreen & Silver Creek Roadmap

Real Estate

What to Expect in a San Jose Real Estate Consultation: Your Evergreen & Silver Creek Roadmap

Brian Ng  |  June 30, 2025

What to Expect in a San Jose Real Estate Consultation: Your Evergreen & Silver Creek Roadmap

Let's Talk

You’ve got questions and we can’t wait to answer them.

FOLLOW US ON INSTAGRAM