Santa Clara County Market Update: October vs September 2025

The November monthly report covers October 2025 results. The October report covers September 2025. Below is a clean, month-over-month read for Santa Clara County plus takeaways for sellers and buyers.

Quick links: Prefer the full November PDF? [Download it]. Want a tailored one-pager for your street or complex? [Request a micro-read].

Key takeaways

• Single-family homes: Median eased from $1.96M to $1.91M. Competition firmed with a higher sale-to-list ratio and slightly faster market time. Inventory tightened.

• Condos/townhomes: Median rose from $950K to $964K. Overbids strengthened. Inventory eased and DOM was essentially flat.

Single-family detail (Santa Clara County)

• Median sale price: $1.91M in Oct vs $1.96M in Sep

• Sale-to-list ratio: 103.6% in Oct vs 103.2% in Sep

• Average days on market: 24 in Oct vs 25 in Sep

• Months of inventory: 1.3 in Oct vs 1.6 in Sep

What this means: Quality listings still attract strong first offers. For sellers, prep and precise pricing matter because buyers remain active and supply is thin. For buyers, speed plus clean terms is the edge.

Condo and townhome detail (Santa Clara County)

• Median sale price: $964K in Oct vs $950K in Sep

• Sale-to-list ratio: 102.8% in Oct vs 100.6% in Sep

• Average days on market: 39 in Oct vs 38 in Sep

• Months of inventory: 2.6 in Oct vs 2.9 in Sep

What this means: Well-presented units can capture over-ask. Buyers still have options, but the best homes go quickly and often above list.

Strategy check

• Sellers: If you are targeting a late-fall or early-winter launch, use the next two weeks for prep. I’ll bring comps, a pricing strategy, and a concierge plan so your home hits at its peak.

• Buyers: Get fully underwritten and align on terms that matter in today’s overbid ranges. I’ll share on-market and pre-market options and negotiate to your goals.

Get the details:
• Full November report: [Download it]
• One-page micro-read for your street or complex: Request a micro-read]

Source: MLS via KW Thrive and KW Santa Clara Valley monthly reports for September and October 2025. Data deemed reliable but not guaranteed.