Blog > How Many Homes Sell in Silicon Valley? Sales by City, 2012–2026
How many homes actually change hands in Silicon Valley each year? Here are closed sales reported to the MLS, every year since 2012 and January through September of 2026, for Silicon Valley, both counties and every city with at least 100 sales in the last 12 months.
Silicon Valley, year by year
- 2012: 20,967
- 2013: 19,939
- 2014: 18,657
- 2015: 18,401
- 2016: 17,794
- 2017: 17,832
- 2018: 16,706
- 2019: 16,581
- 2020: 17,699
- 2021: 23,702
- 2022: 16,965
- 2023: 13,208
- 2024: 15,376
- 2025: 15,163
Sales peaked at 23,702 in 2021 and fell to 13,208 in 2023, 44% fewer. 2025 came in at 15,163: 9% fewer than 2019 and 28% fewer than 2012.
2026 so far
January through September 2026 closed 11,564 sales across Silicon Valley, against 11,490 in the same months of 2025 and 11,538 in 2024: close to flat three years running. Santa Clara County had 8,368 (−1% against 2025) and bay-side San Mateo County 3,196 (+4%). San Francisco, shown alongside, had 3,683 (+7%).
City by city
Closed sales in each year, and January–September 2026 against the same months of 2025.
| City | 2019 | 2021 | 2023 | 2025 | Jan–Sep 2026 |
|---|---|---|---|---|---|
| Belmont | 196 | 288 | 143 | 182 | 154 (+10%) |
| Burlingame | 198 | 320 | 180 | 194 | 186 (+32%) |
| Campbell | 385 | 562 | 274 | 309 | 205 (−15%) |
| Cupertino | 330 | 488 | 247 | 320 | 210 (−17%) |
| Daly City | 268 | 429 | 361 | 418 | 296 (+2%) |
| Foster City | 241 | 320 | 213 | 238 | 169 (−9%) |
| Gilroy | 526 | 685 | 371 | 359 | 297 (+13%) |
| Hillsborough | 109 | 161 | 85 | 119 | 92 (+12%) |
| Los Altos | 334 | 452 | 238 | 332 | 251 (−2%) |
| Los Gatos | 510 | 805 | 461 | 487 | 361 (−6%) |
| Menlo Park | 394 | 566 | 299 | 353 | 283 (+6%) |
| Millbrae | 131 | 198 | 116 | 145 | 110 (+3%) |
| Milpitas | 438 | 684 | 347 | 346 | 286 (+1%) |
| Morgan Hill | 554 | 705 | 376 | 449 | 346 (+3%) |
| Mountain View | 485 | 784 | 432 | 520 | 387 (−2%) |
| Palo Alto | 395 | 650 | 392 | 493 | 400 (+10%) |
| Redwood City | 642 | 815 | 474 | 546 | 458 (+17%) |
| San Bruno | 224 | 351 | 227 | 287 | 177 (−24%) |
| San Carlos | 340 | 460 | 284 | 308 | 238 (+9%) |
| San Jose | 6,651 | 9,114 | 4,929 | 5,440 | 4,111 (−1%) |
| San Mateo | 793 | 1,172 | 702 | 828 | 589 (−2%) |
| Santa Clara | 787 | 1,099 | 574 | 678 | 527 (−1%) |
| Saratoga | 312 | 418 | 221 | 276 | 212 (+1%) |
| South San Francisco | 224 | 360 | 233 | 284 | 215 (+6%) |
| Sunnyvale | 745 | 1,189 | 689 | 814 | 676 (+7%) |
Most ahead of 2025 so far: Burlingame (+32%), Redwood City (+17%) and Gilroy (+13%). Furthest behind: San Bruno (−24%), Cupertino (−17%) and Campbell (−15%). In smaller cities a few dozen sales either way moves these a lot.
Reading it right
- These are closed sales, not listings or inventory. A home counts in the month it closed.
- Only MLS sales count. Homes sold without an MLS listing aren’t included, and repeat records of the same sale are removed.
- All home types together: houses, condos and townhomes.
- Fewer sales means fewer recent comparable sales in many neighborhoods, which matters when pricing a home.
More on the numbers
Sales counts sit next to every price on Home Price History, the busiest months for closings are on Best Month to Sell, and the weekly Property Nerds® Silicon Valley Housing Market Index™ tracks how competitive the market is. Each city’s full numbers are in our City Data Briefs.
Planning a move?
A Property Nerd will show you how many homes like yours have sold nearby and what they sold for. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.