Is Saratoga, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Saratoga has remained a Seller's Market.
Housing Prices in Saratoga, CA
How much do homes in Saratoga, CA cost?
Median Sold Price
$3,780,000
$1,429/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Saratoga was $3,780,000 in May 2024, up 7.6% from last year, and the median price per square foot was $1,429.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $745K | $708K | -5.0% |
2 Bedrooms | $1.2M | $1.1M | -5.4% |
3 Bedrooms | $2.4M | $2.9M | +19.3% |
4 Bedrooms | $3.7M | $3.9M | +3.2% |
5+ Bedrooms | $4.2M | $4.7M | +11.5% |
Summary: Saratoga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in Saratoga, CA
How many homes are available in Saratoga, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
82 | 100 | +22.0% |
Summary: The Saratoga real estate market had 100 homes for sale in May 2024, a 22.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 14 | 15 | +7.1% |
4 Bedrooms | 38 | 50 | +31.6% |
5+ Bedrooms | 24 | 29 | +20.8% |
Summary: The Saratoga housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes increased by 20.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 34 | +47.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 34 homes were sold or pending in Saratoga in May 2024, up by 47.8% month-over-month. Of the 34 sold homes, 12% were sold under asking, 3% were sold at asking, and 85% were sold over asking.
Days on Market for Saratoga, CA
How long does it take to sell a home in Saratoga, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 11 Days | -29.7% |
Summary: Homes in Saratoga had an average of 11 days on market in May 2024, down by 29.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 34 homes were sold in Saratoga; 91% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.