Cupertino, CA 95014 Real Estate Market Report

ZIP Code: 95014
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Cupertino is characterized by a median sold price of $2,998,500, reflecting a robust demand driven by a strong tech economy. The market has shown positive momentum, with prices trending up year-over-year. This indicates a healthy appreciation in property values, suggesting that buyers are willing to invest significantly in this desirable location.

The market is currently experiencing elevated inventory levels relative to sales activity, which may indicate a shift in market dynamics. Despite a median days on market of 249, the overall market temperature remains hot, supported by moderate interest rates and strong local economic fundamentals. This scenario presents both opportunities and challenges for buyers and sellers alike, as the gap between listing prices and sold prices may create pricing friction in negotiations.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

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Key Findings

1. The median listing price stands at $3,600,000, indicating seller expectations are significantly higher than the median sold price of $2,998,500, suggesting potential pricing friction.

2. With a median days on market of 249, the market is experiencing slower sales velocity, which may affect buyer urgency and negotiation strategies.

3. The median market rent is $5,840, reflecting strong rental demand and potential investment opportunities in the area.

4. The overall market temperature is hot, indicating strong buyer interest despite elevated inventory levels, which may create competitive bidding situations.

5. Year-over-year trends show both home prices and rents are up, reinforcing the area's attractiveness and economic vitality.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.