Market Report - The Brasil Group

San Jose, CA 95124

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA 95124

Sun Aug 01 2021
This week the median list price for San Jose, CA 95124 is $1,499,888 with the market action index hovering around 75. This is less than last month's market action index of 83. Inventory has increased to 63. 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 95124

Sun Aug 01 2021
This week the median list price for San Jose, CA 95124 is $1,499,888 with the market action index hovering around 75. This is less than last month's market action index of 83. Inventory has increased to 63. 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 $1,499,888
Median Price of New Listings $1,499,000
Per Square Foot $932
Average Days on Market 21
Median Days on Market 14
Price Decreased 3%
Price Increased 6%
Relisted 2%
Inventory 63
Median Rent $3,600
Market Action 75
Strong Seller's Market

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
$1,998,000 2,364 6,500 - 8,000 sqft 4 3 60 3 1 14
$1,692,500 1,733 6,500 - 8,000 sqft 4 2 61 5 1 10
$1,481,500 1,503 4,500 - 6,500 sqft 3 2 62 7 1 7
$1,250,000 1,220 4,500 - 6,500 sqft 3 2 63 6 3 17