Market Report - The Brasil Group
San Jose, CA 95111
Single-Family Homes
The Brasil Group | info@theBrasilGroup.com
San Jose, CA 95111
Thu Sep 19 2024
This week the median list price for San Jose, CA 95111 is $1,469,000 with the market action index hovering around 65. This is less than last month's market action index of 68. Inventory has held steady at or around 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,469,000 | |
| Median Price of New Listings | $1,294,000 | |
| Per Square Foot | $864 | |
| Average Days on Market | 34 | |
| Median Days on Market | 32 | |
| Price Decreased | 38% | |
| Price Increased | 0% | |
| Relisted | 13% | |
| Inventory | 8 | |
| Median Rent | ||
| Market Action | 65 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,024,444 | 1,695 | 0.25 - 0.5 acre | 3 | 2 | NaN | 0 | 0 | 38 |
| $1,514,000 | 1,949 | 6,500 - 8,000 sqft | 4 | 2.5 | NaN | 1 | 0 | 35 |
| $1,424,500 | 1,547 | 6,500 - 8,000 sqft | 4 | 2.5 | NaN | 0 | 1 | 59 |
| $1,150,000 | 1,346 | 6,500 - 8,000 sqft | 3 | 2.5 | NaN | 1 | 2 | 3 |