Market Report - The Brasil Group

San Jose, CA 95135

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA 95135

Mon Oct 07 2024
This week the median list price for San Jose, CA 95135 is $749,889 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has increased to 33. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Jose, CA 95135

Mon Oct 07 2024
This week the median list price for San Jose, CA 95135 is $749,889 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has increased to 33. 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

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $749,889
Median Price of New Listings $764,444
Per Square Foot $502
Average Days on Market 55
Median Days on Market 21
Price Decreased 21%
Price Increased 0%
Relisted 9%
Inventory 33
Median Rent
Market Action 46
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,199,500 1,803 0 - 4,500 sqft 2 3 29 2 1 31
$809,938 1,696 0 - 4,500 sqft 2 2 39 1 0 24
$726,994 1,442 0 - 4,500 sqft 2 2 46 1 0 38
$525,000 1,223 0 - 4,500 sqft 2 2 55 2 0 21