Market Report - The Brasil Group
San Jose, CA 95124
Condos/Townhomes
The Brasil Group | info@theBrasilGroup.com
San Jose, CA 95124
Sun Mar 07 2021
This week the median list price for San Jose, CA 95124 is $959,000 with the market action index hovering around 76. This is an increase over last month's market action index of 71. Inventory has held steady at or around 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $959,000 | |
| Per Square Foot | $598 | |
| Days on Market | 11 | |
| Price Decreased | 17% | |
| Price Increased | 17% | |
| Relisted | 0% | |
| Inventory | 6 | |
| Median Rent | $2,160 | |
| Most Expensive | $1,199,000 | |
| Least Expensive | $628,000 | |
| Market Action | 76 | |
| Strong Seller's Market | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,199,000 | 2,053 | 0 - 4,500 sqft | 4 | 4 | 8 | 0 | 0 | 28 |
| $998,000 | 1,676 | - | 2 | 2 | 14 | 0 | 0 | 14 |
| $959,000 | 1,608 | 0 - 4,500 sqft | 2 | 2 | 26 | 0 | 0 | 42 |
| $749,000 | 1,175 | - | 2 | 1 | 31 | 1 | 0 | 3 |