Silicon Valley Real Estate Market Report: May 2026
Every city in Santa Clara County is moving within 12 days at the median. Here's the complete May 2026 breakdown — prices, days on market, and price per square foot.
The Santa Clara County housing market in May 2026 is moving fast across the board — but the story isn't uniform. Sunnyvale has surged to the second most expensive city in the county, Mountain View buyers are winning fewer than 1 in 5 offers, and San Jose is offering the most buyer-friendly conditions seen in years. Here's the complete city-by-city picture.
At a glance: county median prices — May 2026
Palo Alto: $3,535,000 · 10 days · $1,749/sq ft. Sunnyvale: $2,520,000 · 9 days · $1,140/sq ft. Mountain View: $2,000,000 · 9 days · $1,320/sq ft. Santa Clara: $1,766,558 · 11 days · $1,065/sq ft. Campbell: $1,737,500 · 10 days · $970/sq ft. San Jose: $1,452,609 · 12 days · $914/sq ft. Every city in the county is moving within 12 days at the median — there's no slow corner of Santa Clara County right now.
Palo Alto: peak velocity
At $3,535,000 and a median of 10 days on market, Palo Alto is operating at its seasonal low for time on market. Premium single-family properties are going pending in what local agents are calling intense spring conditions.
Sunnyvale and the over-ask story
Sunnyvale's climb to $2,520,000 — second only to Palo Alto — pairs with the county's highest over-ask close rate and a 9-day median. Deep, well-capitalized tech-household demand keeps it the most competitive market by that measure.
Get a free, no-obligation valuation tuned to your exact address.