Silicon Valley Housing Market Trends | April 2026

Silicon Valley

The Local Lowdown: Silicon Valley Housing

Quick Take:

Single-family home prices showed a mixed picture in February—Santa Clara County rebounded while San Mateo saw a notable dip.
Inventory is still below last year, with single-family homes down 12% as the spring market heats up.
Homes are selling fast, with San Mateo and Santa Clara listings moving in just 11 and 8 days, respectively.
(Charts/graphs are included at the end for a closer look.)

Santa Clara bounces back while San Mateo dips

February brought different stories across Silicon Valley. Santa Clara County’s single-family homes saw a modest 0.6% YoY increase, with the median home selling for $2,000,000. Santa Cruz County remained flat at $1,250,000, while San Mateo County experienced a 8.2% YoY decline, with the median at $1,950,000.

Condos struggled across the region: Santa Clara fell 11% to $734,500, San Mateo dropped 8% to $765,000, and Santa Cruz slipped 3% to $685,000.

Inventory is still tight as spring kicks off

There are currently 1,350 single-family homes on the market in Silicon Valley, down 12% YoY. New listings are starting to come in, though, with 20% more new single-family listings and a 53% jump in sold homes compared to last month. Condos follow a similar pattern, with 633 units for sale, down 7% YoY. This tight supply will keep competition high as we head into the busy spring months.

Homes are flying off the market

If you blinked, you might have missed it! Single-family homes in San Mateo and Santa Clara Counties are selling fast, averaging just 11 and 8 days on the market, respectively. Santa Cruz homes are a bit slower at 30 days, though still competitive.

Condo sales are slower: San Mateo condos are taking 64% longer, Santa Clara 21% longer, and Santa Cruz condos are seeing a massive 546% increase in days on market, now averaging 84 days.

Silicon Valley remains a seller’s market

Looking at Months of Supply Inventory (MSI):

Single-family homes:

San Mateo: 1.1 months (-21% YoY)
Santa Clara: 1.1 months (-8%)
Santa Cruz: 2 months (-31%)

Condos:

San Mateo: 2.5 months
Santa Clara: 2.9 months
Santa Cruz: 3.6 months

Low MSI numbers show that sellers continue to hold the advantage, especially for single-family homes, while condos give buyers slightly more breathing room.

Bottom Line

Silicon Valley’s market is fast, competitive, and still favors sellers, especially for single-family homes in San Mateo and Santa Clara. Prices are mixed, inventory remains tight, and homes are selling in days. Condo buyers have a bit more room to negotiate, but overall, anyone looking to buy needs to be prepared to move quickly as we head deeper into the spring selling season.