Market Report - The Brasil Group

San Jose, CA 95120

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA 95120

Mon Jun 24 2024
This week the median list price for San Jose, CA 95120 is $2,425,000 with the market action index hovering around 64. This is less than last month's market action index of 68. Inventory has decreased to 30. 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 started cooling and prices have recently plateaued. Since 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 95120

Mon Jun 24 2024
This week the median list price for San Jose, CA 95120 is $2,425,000 with the market action index hovering around 64. This is less than last month's market action index of 68. Inventory has decreased to 30. 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 started cooling and prices have recently plateaued. Since 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 $2,425,000
Median Price of New Listings $2,299,000
Per Square Foot $980
Average Days on Market 97
Median Days on Market 39
Price Decreased 40%
Price Increased 7%
Relisted 13%
Inventory 30
Median Rent
Market Action 64
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$4,299,000 4,261 1 - 2.5 acres 5 4 38 1 0 91
$2,599,950 2,820 0.25 - 0.5 acre 4 3 43 1 1 28
$2,323,500 2,251 8,000 - 10,000 sqft 4 3 53 3 4 7
$1,893,944 1,784 6,500 - 8,000 sqft 3 2 51 2 3 45