Monthly market wrap MONTHLY MARKET WRAP Santa Clara Condos · May 2026 Santa Clara held steady in May: the key market signals were mixed. Median sale price $715K ▲ +35.4% vs Apr Time to pending 22d ▲ 1 day slower vs Apr Sold over asking 56% ▲ +10 pts vs Apr Active listings 47 ▲ +34.3% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Santa Clara Condos · May 2026 Most Santa Clara condos are still selling over asking (56%). Price to invite competition. 101.8% average sale price vs. asking price Sold over asking 56% vs. a year ago +6 pts 100.4% 99.6% 98.9% Sold at asking price 101.8% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Santa Clara Condos · May 2026 The typical Santa Clara condo closes +1.8% above its asking price. -$885K median sale price minus asking price Median asking price $1.6M Median sale price $715K $1.53M $1.12M $714K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Santa Clara Condos · May 2026 Santa Clara condo values dipped -1.7% from a year ago. $715K median sale price Year over year -1.7% Homes sold last month 9 $881K $784K $686K $715K Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Santa Clara Condos · May 2026 The typical Santa Clara condo goes pending in 22 days, 20 days faster than last year. 22 days median time to pending Gone within two weeks 11% vs. a year ago 20 days faster 76d 51d 25d 22d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Santa Clara Condos · May 2026 Santa Clara inventory is up 17.5% year over year, so sellers have more competition. 47 active listings Year over year +17.5% Months of supply 5.2 45 35 25 47 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Santa Clara? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Santa Clara Condos · May 2026 23% of Santa Clara listings cut their asking price last month, down 22 pts from a year ago. 23% of active listings cut their asking price vs. a year ago -22 pts Active listings 47 34% 26% 18% 23% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Santa Clara Condos · May 2026 Only 11% of Santa Clara condos went pending within two weeks. Most listings are taking their time. 11% of listings went pending within two weeks Median time to pending 22 days vs. a year ago -3 pts 41% 25% 9% Half of listings 11% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Santa Clara Condos · May 2026 December is historically Santa Clara's calmest month for buyers: 3.7 pts less over-asking than May. December historically the calmest month for buyers Buyer's edge vs May -3.7 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -1.9 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Santa Clara Condos · May 2026 Santa Clara condo values are up +6% over the past 10 years. +6% median sale price growth since 2016 Median price in 2016 $674K Average gain per year +0.6% $790K $713K $636K $715K May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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