Santa Clara Housing Market Report – May 2026
Here's a look at how the Santa Clara, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 74
- Median Sale Price: $1,690,000
- Average Sale Price: $1,734,495
- Average Price Per Sq Ft: $1,088
- Average Days on Market: 38
- Sale-to-List Price Ratio: 103.9%
Month-Over-Month Trends
Compared to April, the median sale price in Santa Clara moved 4.4% down (from $1,768,500 to $1,690,000). The number of homes sold was 8.8% up compared to the prior month (68 vs. 74). Average days on market shifted 17.4% down (46 days to 38 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 6.4% up (from $1,587,875 to $1,690,000). Sales volume is 5.1% down year-over-year.
What This Means
Santa Clara's housing market is showing mixed signals as we head into summer. The median price dipped 4.4% month-over-month to $1.69 million, which might sound concerning, but the year-over-year comparison tells a different story—prices are still up 6.4% from May 2025. This suggests we're seeing normal seasonal fluctuation rather than a sustained downward trend. What's more encouraging is that homes are selling faster, with average days on market dropping from 46 to 38 days, and buyers are paying 3.9% above asking prices on average, indicating genuine demand despite the monthly softening.
The uptick in sales activity paired with shorter selling times points to a market that's finding its rhythm after the broader tech sector volatility that affected the Bay Area. Inventory remains relatively balanced at 196 active listings, which is healthy for this market. The fact that homes are moving quickly and commanding premium prices suggests serious buyers aren't sitting on the sidelines. If you're considering selling, current conditions favor you—but if you're buying, expect competitive situations and homes priced with confidence. The strong year-over-year price appreciation indicates Santa Clara remains a resilient market despite monthly fluctuations.
Santa Clara Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95051 | 36 | $1,900,000 | $1,192 | 40 |
| 95050 | 22 | $1,515,000 | $1,020 | 34 |
| 95054 | 16 | $1,535,888 | $948 | 37 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 47 | $1,850,000 | $1,305 |
| TOWNHOMES | 13 | $1,170,000 | $811 |
| CONDOS | 9 | $715,000 | $651 |
| MULTI_FAMILY | 4 | $2,031,000 | $503 |
| CONDO | 1 | $1,500,000 | $780 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 6 |
| $750K+ | 66 |
Current Active Listings
As of this report, there are 196 active listings in Santa Clara with a median asking price of $1,547,992 and an average of 38 days on market.
Thinking About Selling Your Santa Clara Home?
If you're a homeowner in Santa Clara considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Santa Clara and throughout Santa Clara County — get a no-obligation cash offer today.