Category: San Jose

San Jose, California, known as the heart of Silicon Valley, is a bustling metropolis that seamlessly blends innovation with cultural richness. As the largest city in the Bay Area, San Jose boasts a vibrant downtown, world-class tech institutions, and a diverse culinary scene. With a Mediterranean climate and numerous parks, it offers an outdoor enthusiast’s paradise. Explore the city’s iconic landmarks, thriving arts community, and the cutting-edge technology shaping its future. San Jose is not just a destination; it’s a dynamic urban experience at the forefront of progress and creativity.

As of 03/08/2024:

This week in San Jose, CA, the real estate market is buzzing with activity. The median list price has surged to $1,678,800, reflecting a positive trend. The market action index, currently at 67, has seen a notable increase compared to the previous month’s index of 63. This uptick signifies heightened market dynamics and potential opportunities for both buyers and sellers. Additionally, the inventory has expanded, reaching a count of 195 homes. Stay tuned for further insights into the evolving real estate landscape in San Jose, where market trends are shaping up for an exciting journey ahead.

While recent data suggests a strengthening trend in the Market Action Index (MAI), there appears to be a plateau in property prices. However, if the current upward trajectory in sales, relative to inventory, persists, it may signal a potential resumption of price increases in alignment with the MAI. Stay tuned for updates on how these market dynamics unfold, as we closely monitor the interplay between sales and inventory to provide you with valuable insights into the evolving real estate landscape.

Median List Price		$1,678,800
Median Price of New Listings		$1,629,000
Per Square Foot		$952
Average Days on Market		71
Median Days on Market		7
Price Decreased		13%
Price Increased		1%
Relisted		6%
Inventory		195
Median Rent		$3,725
Market Action		67
>>>Strong Seller’s Market<<<

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$2,998,000	2,992	8,000 – 10,000 sqft	4	3.3	36	13	14	21
$1,849,000	1,881	4,500 – 6,500 sqft	4	2.5	53	16	15	7
$1,495,000	1,726	4,500 – 6,500 sqft	3	2	56	20	22	7
$1,049,950	1,203	4,500 – 6,500 sqft	3	2	71	17	19	7