Cupertino, CA 95014 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

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.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indication of current market value is the median sold price of $3,445,000, which reflects recent transaction activity in Cupertino and supports a narrative of sustained price strength; hot market conditions and an upward price trend suggest sellers can expect continued price appreciation in the near term.
2. Relative to transaction prices, the median listing price of $2,988,000 shows a notable listing-to-sale price relationship that may indicate pricing friction between seller expectations and final sale outcomes; this gap appears alongside slower sales velocity as implied by a median days on market of 257, which may extend time-to-contract even in a hot market environment.
3. Market-level unit economics are strong: the median price per square foot of $1,578 combined with a median market rent of $4,019 point to high absolute property values and elevated rental rates; investors and sellers should factor high entry pricing when evaluating hold vs. sell decisions and pricing strategies.
4. Financing and broader market context matter: the market is classified as hot with prices and rents both trending up, while interest rate pressure is moderate and 30-year fixed rates are averaging 6.53%; moderate interest rate pressure suggests buyers may face higher carrying costs that could temper bidding intensity despite strong fundamentals.

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.