Market Report - The Brasil Group

San Jose, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA

Wed Feb 21 2024
This week the median list price for San Jose, CA is $807,499 with the market action index hovering around 53. This is an increase over last month's market action index of 46. Inventory has decreased to 138. Click here to stay informed with the San Jose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

San Jose, CA

Wed Feb 21 2024
This week the median list price for San Jose, CA is $807,499 with the market action index hovering around 53. This is an increase over last month's market action index of 46. Inventory has decreased to 138. Click here to stay informed with the San Jose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $807,499
Median Price of New Listings $748,500
Per Square Foot $684
Average Days on Market 74
Median Days on Market 21
Price Decreased 16%
Price Increased 1%
Relisted 11%
Inventory 138
Median Rent
Market Action 53
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,199,944 1,623 0 - 4,500 sqft 3 2.5 16 8 7 21
$893,944 1,285 0 - 4,500 sqft 2 2 21 5 8 77
$715,000 1,070 0 - 4,500 sqft 2 2 39 9 8 28
$545,000 831 0 - 4,500 sqft 2 1 41 12 13 21