Market Report - The Brasil Group

San Jose, CA 95117

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA 95117

Sun Aug 01 2021
This week the median list price for San Jose, CA 95117 is $1,475,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has increased to 9. 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 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 95117

Sun Aug 01 2021
This week the median list price for San Jose, CA 95117 is $1,475,000 with the market action index hovering around 60. This is less than last month's market action index of 63. Inventory has increased to 9. 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 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 $1,475,000
Median Price of New Listings $1,568,000
Per Square Foot $838
Average Days on Market 19
Median Days on Market 7
Price Decreased 11%
Price Increased 11%
Relisted 11%
Inventory 9
Median Rent $3,645
Market Action 60
Strong Seller's Market

We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly deviate 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
$1,768,944 2,299 8,000 - 10,000 sqft 4 2 67 2 3 0
$1,497,000 1,747 4,500 - 6,500 sqft 4 2 54 0 1 10
$1,462,500 1,692 6,500 - 8,000 sqft 3 2 63 0 1 14
$1,399,000 1,462 4,500 - 6,500 sqft 4 2 69 2 2 0