Market Report - The Brasil Group

San Jose, CA 95116

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA 95116

Thu Jan 20 2022
This week the median list price for San Jose, CA 95116 is $569,000 with the market action index hovering around 41. This is less than last month's market action index of 53. Inventory has decreased to 6. 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.

Slight Seller's Advantage

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 95116

Thu Jan 20 2022
This week the median list price for San Jose, CA 95116 is $569,000 with the market action index hovering around 41. This is less than last month's market action index of 53. Inventory has decreased to 6. 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.

Slight Seller's Advantage

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 $569,000
Median Price of New Listings $0
Per Square Foot $578
Average Days on Market 107
Median Days on Market 74
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent $2,200
Market Action 41
Slight Seller's Advantage

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
$725,000 1,242 0 - 4,500 sqft 2 3 NaN 0 0 315
$650,000 1,313 0 - 4,500 sqft 2 2 39 0 0 91
$569,000 938 0 - 4,500 sqft 2 2 27 0 0 42
$422,500 667 0 - 4,500 sqft 1 1.5 36 0 0 77