We take a look at how the Santa Clara County Real Estate Market performed at the end of the month in February, 2023.

As of the end of February 2023, in Santa Clara County there were 677 Single Family Homes still available for sale. Of the 677 home still available, 685 new listings came on to the market since February 01. The average days on market of the homes for sale at the moment is 33 days. The median list price is $1,798,000.

Santa Clara County Real Estate Status Changes

143 Single Family Homes were in contingent status. Contingent status means an offer has been accepted and is contingent on fulfilling certain criteria within the purchase agreement. The listing is still on market. This status is generally used to indicate that the seller is looking for additional back-up offers, or that the property is subject to financing, court or other third party approval.

515 Single Family Homes were in pending status. Pending status is when an offer has been accepted and is expected to close. The seller is not accepting additional offers and the property is not on market.

353 homes have currently sold.

Santa Clara County Real Estate Price Changes

33 Homes have increased their list price. In comparison 122 homes decreased their list price.

Santa Clara County Unsold Home Status Changes

21 Transactions fell through, meaning an offer was accepted but ultimately the buyer & seller cancelled the sale.

49 homes were in cancelled status. Cancelled status simply means the listing contract has been terminated in writing by broker and seller. The listing is not on market.

46 were homes in withdrawn status. Withdrawn status is when a valid listing contract is in effect, but the listing is not being marketed. This status can be used to indicate that the seller requested withholding property showings and offers temporarily. This listing is in the MLS, but not actively on market.

Hopefully this information gives you a good insight into how the real estate market is performing should you decide to buy, sell or just want to stay on top of the market.