Silicon Valley Housing Update March 2026
Ascend RE March 24, 2026
Ascend RE March 24, 2026
Santa Clara County median single-family price: $2,000,000 (+0.63% YoY)
Santa Cruz County median: $1,250,000 (flat YoY)
San Mateo County median: $1,950,000 (-8.24% YoY)
Condo prices declined across all three counties
Santa Clara condos: $734,500 (-10.97% YoY)
San Mateo condos: $765,000 (-8.07% YoY)
Santa Cruz condos: $685,000 (-3.18% YoY)
Single-family inventory down 12.11% YoY (1,350 homes)
Condo inventory down 7.05% YoY (633 units)
New listings up 20.34% month-over-month
Sold listings jumped 53.38% month-over-month
Tight supply expected to drive competition
San Mateo single-family homes: 11 days
Santa Clara single-family homes: 8 days
Santa Cruz single-family homes: 30 days
Condo days on market increased across region
Santa Cruz condos averaging 84 days to sell
Single-family homes remain strong seller’s market
San Mateo MSI: 1.1 months
Santa Clara MSI: 1.1 months
Santa Cruz MSI: 2 months
Condo market more balanced (2.5–3.6 months supply)
Silicon Valley entering spring in seller’s market
Tight inventory fueling competition
Single-family homes selling quickly
Condo market softer but stabilizing
Buyers should be prepared to act decisively
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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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