Silicon Valley Housing Market Update May 2026
May 21, 2026
May 21, 2026
Silicon Valley’s single-family home market remained resilient throughout April.
Median home prices increased across most counties, while Santa Clara held steady year-over-year.
Inventory remains below 2025 levels despite strong spring market activity.
Single-family homes continue selling at an extremely fast pace across the region.
Median sale price: $2,167,500
Year-over-year change: +2.19%
Median sale price: $2,100,000
Year-over-year change: 0% (unchanged)
Median sale price: $1,342,500
Year-over-year change: +5.29%
Median sale price: $750,000
Year-over-year change: -5.96%
Median sale price: $790,000
Year-over-year change: -4.99%
Median sale price: $737,750
Year-over-year change: -3.98%
Active inventory: 1,996 homes
Year-over-year inventory decline: -12.03%
Sold listings increased 1.26% year-over-year
New listings continue entering the market at a healthy pace
Active inventory: 867 units
Year-over-year inventory decline: -6.47%
Average market time: 11 days
Unchanged from last year
Average market time: 9 days
Slight slowdown year-over-year (+12.5%)
Average market time: 15 days
Matching last year’s pace
Average market time: 29 days
Improved 3.33% year-over-year
Condos are taking longer to sell compared to last year
Santa Clara County saw the largest increase in market time (+46.67%)
1.4 months of supply
Year-over-year decline: -30%
1.8 months of supply
Unchanged from last year
2.9 months of supply
Year-over-year decline: -25.64%
San Mateo County: 3.5 months
Santa Clara County: 4.0 months
Santa Cruz County: 4.5 months
Single-family homes remain firmly in seller’s market territory across Silicon Valley.
Tight inventory continues driving competition among buyers.
Condo buyers have gained more negotiating leverage as inventory levels rise relative to demand.
Buyers pursuing single-family homes should be prepared to move quickly in competitive situations.
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Provided Courtesy of Ascend Real Estate
Provided Courtesy of Ascend Real Estate
Provided courtesy of Ascend Real Estate
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