Santa Clara County – Q4 2025 Market Overview

Santa Clara County closed Q4 with inventory pulling back sharply from earlier peaks, ending the year well below midyear highs and closer to seasonal norms. Sales activity softened toward year-end, reflecting a more selective buyer pool rather than a full pullback in demand. Median sales prices trended lower from late-summer highs but remained firmly in the mid-$1.5M range, signaling continued price resilience. Price per square foot eased into the low $1,000s, while average days on market edged into the low-30s, pointing to longer decision timelines as buyers weighed expanded options heading into 2026.