Santa Clara County – Q3 2025 Market Overview

Santa Clara’s inventory eased back from its summer peak above 2,200 listings, closing Q3 closer to 1,800—still elevated compared to early 2025. Sales activity softened, with closings trending just under 1,000, highlighting more cautious absorption. Median sales prices hovered in the mid-$1.6Ms after peaking earlier in the year, while price per square foot slipped slightly toward $1,050. Average days on market rose into the high-20s, signaling longer timelines as buyers weigh increased options. Despite slower momentum, pricing remains resilient in a historically high range.