SILICON VALLEY REAL ESTATE

Real numbers, honest perspective, and 20+ years of on-the-ground experience in the Silicon Valley luxury market.
Updated every month so you always know where things stand.

AT A GLANCE ─────

Key Metrics This Month.

Santa Clara County

Median Sale Price

$0.00M

+4.3% month over month

San Mateo County

Median Sale Price

$0.00M

+2.8% month over month

Both Counties

Avg. Days on Market

2 days faster than last month

Both Counties

Sale-to-List Price Ratio

Sellers market holding firm

Both Counties

Active Inventory

+0%

Month over month

Real numbers, honest perspective, and 20+ years of on-the-ground experience in the Silicon Valley luxury market. Updated every month so you always know where things stand.

A MARKET DEFINED BY MOMENTUM

In Santa Clara County, the average single-family home sold 6% above list price in March 2026. Seventy-one percent of houses sold above list price. Contracts accepted rose 3.5% year-over-year, and sales volume climbed 5%. Houses are moving at an average of 18 days on market — a pace that leaves little room for hesitation.

San Mateo County tells an even sharper story. Single-family houses averaged 9% over asking price in March, the strongest performance since spring 2022. Luxury home sales priced above $5 million surged 27% year-over-year, and contracts accepted rose 13%. The Peninsula’s most affluent house markets remain firmly in seller’s territory, with inventory slightly lower year-over-year despite rapidly climbing new listings.

WHERE THE MARKET IS STRONGEST

The top of the market continues to perform with conviction. Los Altos Hills, Los Altos, Saratoga, and Palo Alto are commanding median house prices between $3.9M and $5.4M, with active competition and strong buyer intent across these segments. In San Mateo County, Atherton leads at a $10.2M median, followed by Hillsborough at $5.65M and Portola Valley at $4.26M.

Active listings in Santa Clara County stood at 2,195 as of April 1st — up 12% year-over-year — giving buyers more options heading into the spring peak. In San Mateo County, inventory remained slightly lower year-over-year, keeping competitive pressure elevated for well-positioned listings.

WHAT THE BROADER ENVIRONMENT MEANS FOR YOU

Interest rates rose to 6.46% in early April, up from 5.98% beforehand, adding a layer of complexity for rate-sensitive buyers. That said, the ceasefire announced on April 7th has begun to stabilize financial markets and may exert downward pressure on rates in the weeks ahead. Affluent buyers in Silicon Valley have historically been more insulated from rate volatility, and the March house market data confirms that pattern is holding.

If you’re considering buying or selling a luxury home in Los Altos, North Los Altos, Palo Alto, Los Gatos, Santa Clara, or anywhere in Silicon Valley, having the right team by your side is essential. In today’s competitive Silicon Valley real estate market, strategic pricing, skilled negotiation, and deep local knowledge are what drive exceptional results.

Partner with The Dawn Thomas Team — a trusted Silicon Valley luxury real estate group known for record-breaking sales, white-glove service, and client-first advocacy. Whether you are preparing to sell a legacy property or searching for your next home in Silicon Valley and beyond, our team delivers a seamless, data-driven, and highly personalized experience from consultation to closing.

Connect with The Dawn Thomas Team today to discuss your goals and discover what’s possible in the Silicon Valley luxury market.

Dawn Thomas | Broker Associate | Team Leader | Compass | Exclusive REALM™ Global member
DRE# 01460529 Serving Silicon Valley for Over 2 Decades
C. 650-215-5990

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All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.