Where Silicon Valley Home Prices Are Climbing and Where They Are Cooling
Oct 20, 2026Before it was Silicon Valley, it was the Valley of Heart's Delight.
Orchards. Apricots. Prunes.
Today, the Santa Clara Valley grows something else: some of the world's most valuable homes.
In September 2026, 728 homes sold across 15 towns and cities—up from 703 a year ago.
Same valley. Very different markets.
Here is each one in 7 numbers. Here is each one in 7 numbers.
Campbell | Cooling, not cold
- Homes Sold — 18 (down from 26)
- Homes Listed — 27 (up from 23)
- Median Sale Price — $1,910,000 (down from $2,134,000)
- Avg $/Sq Ft — $1,204 (down from $1,315)
- Median DOM — 20 (up from 12)
- List Price Received — 102% (down from 105%)
- Months of Inventory — 1.6 (up from 0.8)
Cupertino | Barely blinked
- Homes Sold — 19 (up from 15)
- Homes Listed — 27 (up from 22)
- Median Sale Price — $3,120,000 (up from $3,066,420)
- Avg $/Sq Ft — $1,747 (flat)
- Median DOM — 8 (up from 7)
- List Price Received — 106% (down from 107%)
- Months of Inventory — 1.6 (up from 1.2)
Gilroy | Picking up speed
- Homes Sold — 32 (up from 22)
- Homes Listed — 37 (down from 48)
- Median Sale Price — $1,129,000 (up from $1,100,000)
- Avg $/Sq Ft — $548 (up from $530)
- Median DOM — 12 (same)
- List Price Received — 100% (same)
- Months of Inventory — 2.5 (down from 3.0)
Los Altos | Still on fire
- Homes Sold — 25 (down from 29)
- Homes Listed — 35 (down from 36)
- Median Sale Price — $5,126,000 (up from $4,858,300)
- Avg $/Sq Ft — $2,208 (up from $2,051)
- Median DOM — 8 (same)
- List Price Received — 108% (up from 105%)
- Months of Inventory — 1.1 (up from 1.0)
Los Altos Hills | Plays by its own rules
- Homes Sold — 9 (down from 16)
- Homes Listed — 13 (down from 19)
- Median Sale Price — $6,500,000 (up from $5,675,500)
- Avg $/Sq Ft — $1,720 (up from $1,675)
- Median DOM — 14 (up from 10)
- List Price Received — 100% (same)
- Months of Inventory — 2.2 (down from 2.4)
Los Gatos | Most homes on the shelf
- Homes Sold — 25 (down from 28)
- Homes Listed — 37 (up from 30)
- Median Sale Price — $2,550,000 (down from $3,112,500)
- Avg $/Sq Ft — $1,221 (down from $1,357)
- Median DOM — 12 (down from 13)
- List Price Received — 103% (up from 100%)
- Months of Inventory — 4.0 (up from 2.5)
Milpitas | Opened the floodgates
- Homes Sold — 20 (up from 18)
- Homes Listed — 35 (up from 13)
- Median Sale Price — $1,544,000 (down from $1,680,000)
- Avg $/Sq Ft — $1,019 (flat)
- Median DOM — 17 (up from 16)
- List Price Received — 105% (down from 106%)
- Months of Inventory — 2.0 (up from 0.9)
Monte Sereno | Tiny sample, big swings
- Homes Sold — 3 (up from 2)
- Homes Listed — 5 (up from 3)
- Median Sale Price — $4,802,000 (down from $6,275,000)
- Avg $/Sq Ft — $2,058 (up from $1,488)
- Median DOM — 1 (down from 38)
- List Price Received — 107% (up from 101%)
- Months of Inventory — 1.2 (down from 1.5)
Morgan Hill | Lower gear
- Homes Sold — 22 (down from 36)
- Homes Listed — 33 (up from 32)
- Median Sale Price — $1,550,000 (up from $1,478,750)
- Avg $/Sq Ft — $625 (up from $610)
- Median DOM — 25 (up from 23)
- List Price Received — 99% (up from 98%)
- Months of Inventory — 3.0 (up from 1.7)
Mountain View | Sprinting
- Homes Sold — 29 (up from 21)
- Homes Listed — 33 (up from 29)
- Median Sale Price — $3,020,000 (up from $2,684,000)
- Avg $/Sq Ft — $1,786 (up from $1,564)
- Median DOM — 8 (down from 9)
- List Price Received — 109% (up from 102%)
- Months of Inventory — 1.2 (up from 1.0)
Palo Alto | Climbing where it counts
- Homes Sold — 40 (up from 36)
- Homes Listed — 52 (up from 49)
- Median Sale Price — $4,168,500 (down from $4,365,000)
- Avg $/Sq Ft — $2,178 (up from $2,049)
- Median DOM — 8 (same)
- List Price Received — 109% (up from 107%)
- Months of Inventory — 1.4 (same)
San Jose | The steady giant
- Homes Sold — 369 (up from 361)
- Homes Listed — 470 (up from 456)
- Median Sale Price — $1,568,888 (down from $1,650,000)
- Avg $/Sq Ft — $980 (down from $988)
- Median DOM — 14 (up from 13)
- List Price Received — 102% (down from 103%)
- Months of Inventory — 1.7 (up from 1.3)
Santa Clara | Fast, but eased
- Homes Sold — 40 (up from 32)
- Homes Listed — 53 (up from 51)
- Median Sale Price — $1,817,000 (down from $2,178,000)
- Avg $/Sq Ft — $1,215 (down from $1,371)
- Median DOM — 9 (up from 8)
- List Price Received — 105% (down from 108%)
- Months of Inventory — 1.4 (up from 0.8)
Saratoga | Foot off the gas
- Homes Sold — 24 (up from 19)
- Homes Listed — 28 (down from 37)
- Median Sale Price — $4,100,000 (down from $4,388,000)
- Avg $/Sq Ft — $1,647 (up from $1,631)
- Median DOM — 24 (up from 8)
- List Price Received — 100% (down from 103%)
- Months of Inventory — 1.7 (down from 2.4)
Sunnyvale | Tightest market in the valley
- Homes Sold — 53 (up from 42)
- Homes Listed — 54 (up from 52)
- Median Sale Price — $2,820,000 (up from $2,691,500)
- Avg $/Sq Ft — $1,620 (up from $1,550)
- Median DOM — 7 (down from 10)
- List Price Received — 107% (up from 106%)
- Months of Inventory — 0.9 (up from 0.8)
Statistics are helpful. But selling a long-held family home requires an in-person visit for every ZIP code, neighborhood, property, yard, and building.
Selling a family home comes with real responsibility:
- Protect the value.
- Document every decision.
- Provide clarity to every beneficiary.
As a lifelong resident of the Santa Clara Valley, I’ve seen this region transform firsthand. Orchards became neighborhoods. Neighborhoods became tech corridors. Entire cities reshaped over time.
When it’s time to sell, local experience matters.
That is how I know the Santa Clara Valley: Directly. Physically. Continuously.
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Information curated from Pro.MLSListings.com, single-family homes. Deemed reliable but not guaranteed. CA DRE Broker License #00979413