What is a Home Worth in Silicon Valley?
The cost of housing is probably the least fun thing about moving to the “south bay”, apart from the traffic woes. However, it tends to be a good investment.
In Santa Clara County: The median price of a single family residence sold in this county is about $1.600 million and the average sale price is about $1.970 million as of 2021.
For a house in an area with good schools, the value starts at more like $1,300,000 for a smaller 3 bed, 2 bath house (appx 1200-1300 SF in Cambrian with Union Schools as of mid-2021).
Homes in Cupertino start at around $1.8 to $2 million with most properties selling in the $2-$3 million range. Want Saratoga with Saratoga Schools? It will be well past $2 million, possibly even with an original condition house from the 1950s (aka a fixer upper). If you want to “spot check” pricing, visit http://popehandy.rereport.com to view and compare the various areas.
Yes, you CAN buy a house in Santa Clara County for less than $1 million. However you won’t find a single family home in this range just anywhere. Learn about those locations, what to expect, and what a property under $1 million might cost in my article: What can you buy for $1 million in Silicon Valley?
Outside of Santa Clara County, What Does a House Cost?
In San Mateo County: the median sale price is $1,872,500 and the average is $2,371,489.
In Santa Cruz County: the median is a far more affordable $1,200,000 with an average of $1,321,010,000 sale price for houses in 2021. As the car ads here used to say, “drive a little, save a lot.” Please note, most of Santa Cruz County is not part of Silicon Valley, and the one area that really is, Scotts Valley, is on the periphery. Most of the it is in Santa Clara County or in San Mateo County to the southeast, close to the San Francisco Bay (not along the coast). San Francisco is NOT part of Silicon Valley, though many reporters – some local – keep stating that it is.
The East Bay is not an area that I work in much, though I did live in Fremont and Berkeley for grad school – but Silicon Valley has grown to include Fremont, Union City, and Hayward. Pleasanton offers good prices relative to Santa Clara and San Mateo Counties, with good schools plus a lovely downtown. But the commute…. Prices tend to be lower in Alameda County, and with BART extending transit through the southeast it has been drawing more buyers willing to commute the long distance.
Thinking of selling your South Bay real estate? Check out my article How to quickly get your Silicon Valley home ready to sell and others on my blogs.
Want to see what’s on the market? Search by your own parameters with the map search below.
Ready to begin listing your property or looking for the next one? I’d love to hear from you!