Sunnyvale real estate market overview
- Average Monthly Rent: $3,002
- Home Price/Value Percentage Change: -5.40%
- Median Home Value: $1,829,465
- Best Time To Sell a Home: June
- Affordability Index: Low
- Days To Sell a House: 37
- Job Market: Fair
- Public School Ranking: 40
Location and weather
Residing next to the cities of Santa Clara and Mountainview, Sunnyvale is on the southern end of San Francisco Bay. Just 12 miles northeast of San Jose, Sunnyvale is a part of Silicon Valley and attracts tech professionals both nationally and globally. Lake Tahoe and the Sierra Nevada are nearby as well, providing Sunnyvale residents with scenic locations perfect for exploration. With Sunnyvale Bay Trail, Baylands Park, and Las Palmas Park, Sunnyvale is full of outdoor areas perfect for activities year-round. Local attractions include the Three Arches Winery, Sunnyvale's Farmers Market, and Sunnyvale's public art, which has over 100 pieces of public art on display throughout the city.
The Sunnyvale summers are long, warm and dry, while the winters are short and cold. The summer temperatures are in the mid 70's, with lows in the high 50's. Winter temperatures are in the 50's, with the low temperatures in the mid to high 30's.
Population, job market and cost of living
The Sunnyvale population in 2023 is 160,521, with a growth rate of 0.99%.
The job growth has decreased by -7.07% over the last year and in ten years, is predicted to have increased by 41.4%. The major industries are in retail trade, professional, scientific, and technical services, manufacturing, and health care. The most prominent employers are LinkedIn, Finisar, Trimble, NetApp and Fujitsu.
The cost of living is high due to the Sunnyvale real estate market, but this is expected for Silicon Valley and coastal California cities. With a great location on San Francisco Bay, many parks, a big farmers market, art and food culture, increasing job growth and diverse industries, Sunnyvale will continue to attract tech talent and families who want to live in Silicon Valley.
Sunnyvale real estate market details
- De Anza
- West Murphy
There has been a -5.4% decrease in median home value over the last year. As of 2023, the median home value is $1,829,465.
The best time to sell a home for the highest valued sale is during June. For the quickest sale, homeowners should sell in May.
The top ranked public schools are West Valley Elementary School, Louis E. Stocklmeir Elementary School, Cupertino Middle School, Fremont High School and Chester W. Nimitz Elementary School. This information is based on data measuring academic performance and equity.