Market Report - The Brasil Group

San Jose, CA 95148

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA 95148

Wed Jun 16 2021
This week the median list price for San Jose, CA 95148 is $1,199,000 with the market action index hovering around 87. This is less than last month's market action index of 92. Inventory has increased to 15. 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

The market has started cooling and prices have been flat for several weeks. Since 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 95148

Wed Jun 16 2021
This week the median list price for San Jose, CA 95148 is $1,199,000 with the market action index hovering around 87. This is less than last month's market action index of 92. Inventory has increased to 15. 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

The market has started cooling and prices have been flat for several weeks. Since 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 $1,199,000
Median Price of New Listings $1,199,000
Per Square Foot $583
Average Days on Market 6
Median Days on Market 0
Price Decreased 7%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent $1,875
Market Action 87
Strong Seller's Market

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$1,898,800 3,313 6,500 - 8,000 sqft 5 3 24 0 0 7
$1,396,500 2,248 8,000 - 10,000 sqft 3 3 44 3 1 0
$1,198,500 1,896 4,500 - 6,500 sqft 4 2 44 2 0 10
$973,444 1,350 4,500 - 6,500 sqft 3 2 45 3 1 0