Market Report - The Brasil Group

San Jose, CA 95120

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



San Jose, CA 95120

Sun Oct 06 2024
This week the median list price for San Jose, CA 95120 is $2,291,944 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has increased to 32. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

San Jose, CA 95120

Sun Oct 06 2024
This week the median list price for San Jose, CA 95120 is $2,291,944 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has increased to 32. 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

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $2,291,944
Median Price of New Listings $2,172,475
Per Square Foot $955
Average Days on Market 104
Median Days on Market 25
Price Decreased 25%
Price Increased 0%
Relisted 3%
Inventory 32
Median Rent
Market Action 54
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
$3,899,444 3,891 0.5 - 1 acre 4 4 41 2 1 24
$2,693,500 2,455 0.25 - 0.5 acre 4 3 44 0 2 42
$2,149,975 2,109 8,000 - 10,000 sqft 4 2.5 58 3 3 7
$1,697,500 1,777 6,500 - 8,000 sqft 3 2 56 1 0 73