In 2025, the Santa Clara County real estate market has proven its resilience once again. Despite a year marked by economic shifts and seasonal ebbs, the "heart of Silicon Valley" remains one of the most dynamic property markets in the country.
Here is a comprehensive look back at the trends, prices, and major sales that defined the year.
1. The Market Pulse: Stability Amidst "Tariff Shock"
The year began with robust demand that built steadily through the spring. However, the market faced a unique challenge in April with a "tariff shock" and subsequent economic reactions that initiated a significant slowdown.
By November and December, the market entered its typical mid-winter holiday slowdown, characterized by a decline in both listing and sales activity. Despite this, the broader financial landscape showed signs of optimism: by the first week of December, the S&P 500 and Nasdaq had recovered from November declines, and 30-year mortgage rates were near a 14-month low.
2. Price Trends: Houses vs. Condos
When looking at the long-term data, house prices in Santa Clara County remained remarkably steady year-over-year. As of November 2025, the 3-month-rolling median house sales price was essentially unchanged compared to November 2024.
Historical house price trends through November 2025.
However, the attached-home market saw more volatility:
- Townhouses: Median sales prices fell by approximately 3.5% year-over-year.
- Condominiums: Median sales prices saw a sharper decline of about 6.5% year-over-year.
Comparing Townhouse and Condo sales performance in 2025
3. What Sold in 2025?
Single-family homes continued to dominate the market share. 4-bedroom houses were the most frequent sale type (3,325 units), followed closely by 3-bedroom houses (3,068 units).
2025 Median Sales Prices by Category:
- 4-BR House: $2,110,000
- 3-BR House: $1,720,000
- 2-3 BR Townhouse: $1,250,000
- 2-BR Condo: $750,000
A breakdown of sales by property type and bedroom count.
4. The "Luxury Peak": Biggest Sales of the Year
The high-end market remained exclusive, with Saratoga and Los Altos Hills claiming the top spots. The biggest reported sale of 2025 was a $20,000,000 estate in Saratoga sitting on over 57 acres. Palo Alto also saw significant activity, with multiple sales exceeding the $15 million mark.
The top 10 reported residential sales in Santa Clara County for 2025.
Looking Ahead to 2026
Thinking about selling or buying a house in 2026?
Contact Caviness, Straub & Associates today!
📞 Call Now: (650) 288-3230
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Brett Caviness // DRE01935984
Don Straub // DRE01896844
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