Market Report - The Brasil Group
San Jose, CA 95138
Single-Family Homes
The Brasil Group | info@theBrasilGroup.com
San Jose, CA 95138
Wed Oct 04 2023
This week the median list price for San Jose, CA 95138 is $3,298,000 with the market action index hovering around 52. This is less than last month's market action index of 54. Inventory has held steady at or around 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $3,298,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,008 | |
| Average Days on Market | 115 | |
| Median Days on Market | 84 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 14% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 52 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $6,995,000 | 1,200 | N/A | 2 | 1 | 29 | 0 | 1 | 14 |
| $4,138,400 | 4,033 | 1 - 2.5 acres | 5 | 4.3 | 26 | 0 | 1 | 80 |
| $3,089,000 | 3,110 | 0.25 - 0.5 acre | 4 | 3.5 | 27 | 0 | 1 | 220 |
| $1,856,900 | 2,021 | 10 - 20 acres | 2 | 3 | 53 | 0 | 0 | 94 |