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Cupertino CA real estate - Three Oaks Park in a Cupertino neighborhood

Cupertino CA real estate has been a hot ticket item for decades. With plenty of business, major employers like Apple, great public education and parks, it’s no surprise this is a highly desirable place to call home. Both the single family and condo markets have been hot for years, but recently we’ve seen a big cool down here and throughout the valley.

Want to learn more about this fine city? Read an article on this site here: Cupertino.

Cupertino CA Real Estate

For an average sized house in Cupertino, expect to pay no less than $2,000,000, and very likely more than $2.5 million – a high price for a popular community. Like much of the county, prices have dipped in the second half of 2022 but have been rising since then.

Prices will vary, depending on many factors, including:

  • the precise location and schools, with Monta Vista and Lynbrook High Schools commanding the strongest attention and competition
  • home size
  • home condition
  • lot size, usability, and condition
  • proximity to schools and parks
  • distance from freeways, other busy roads, high voltage power lines, etc.
  • ideal or less than ideal situation within the neighborhood (such as avoiding being at a T intersection)

Fully remodeled homes with recently completed work that includes permits and finals will instill more confidence and can cause the prices to skyrocket.

 

 

 

Cupertino CA Real Estate Market Data

A Cupertino market post is updated monthly on our main blog:
https://sanjoserealestatelosgatoshomes.com/cupertino-real-estate-market/

Or, read the full RE Report with more information through the link. From there you can toggle to condos and townhomes or you can check out other cities or parts of San Jose, Mountain View, or Palo Alto.

Altos Research 

These charts below are from Altos Research, which uses LIST prices (not sold). Please use the links above to see the sold dat a, which is updated monthly.

 

Altos Research Cupertino CA Real Estate Market by Pricing Quartiles

 

The chart below shows market trends for Cupertino single family homes divided into four pricing tiers. Looking at it in quartiles shows not only the average cost of properties, but also the differing trends. Here you can see that the luxury sector has harsher high and low points while the lowest price point is more stable.

 


 

The average day on market trends can be affected by a small pool of outlier properties, but more often shows where there is the greatest or least demand and the largest or smallest available inventory. For example, generally fewer luxury homes go on the market and take longer to sell because demand is lower, so usually this is slower than most other price points.

 

This is only a brief overview of the market in Cupertino, and we do a little more on this community and many others monthly over on the Valley of Heart’s Delight blog. See the Cupertino Market Update over there! If you’re looking at buying or selling a home, a lot more work goes into pinpointing the pricing and other market trends for the specific home and it’s relevant market.

If you’ve found this information helpful and you are interested in buying or selling a house in Cupertino or around Silicon Valley, I would love to hear from you! Feel free to check out more of my posts on housing markets and neighborhoods around the South Bay, as well as tips for buyers and sellers on my other blogs as well: Valley of Heart’s Delight and Live in Los Gatos. Let’s arrange a time to chat by phone, and if it seems like we might be a good fit to work together, we can arrange a time to meet. (No obligation, no cost, no pressure.)