$10,000 Closing Credit*
$1,200,000
2,126 SqFt
4 Beds
•3 Full Baths, 1 Partial
Javed Ansari, Listing Office: eXp Realty of California Inc
Is San Jose, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, San Jose has remained a Seller's Market.
Key Takeaway
San Jose is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Jose, CA
How much do homes in San Jose, CA cost?
Median Sold Price
$1,399,849
$882/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$99,934(+7.7%)
Key Takeaway
Homes in San Jose have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in San Jose was $1,399,849 in October 2024, up 7.7% from last year, and the median price per square foot was $882.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $563.5K | $563K | -0.1% |
| 2 Bedrooms | $809.8K | $815.8K | +0.7% |
| 3 Bedrooms | $1.3M | $1.3M | +5.6% |
| 4 Bedrooms | $1.5M | $1.7M | +11.6% |
| 5+ Bedrooms | $1.9M | $2.2M | +15.9% |
Summary: San Jose housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Los Gatos | $2.1M | $2.3M | +11.4% |
| Santa Clara | $1.4M | $1.6M | +10.1% |
| Saratoga | $3.6M | $4.0M | +9.6% |
| Campbell | $1.6M | $1.8M | +9.5% |
| San Jose | $1.2M | $1.3M | +7.7% |
Housing Supply in San Jose, CA
How many homes are available in San Jose, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1,456 | 1,526 | +4.8% |
Summary: The San Jose real estate market had 1,526 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 55 | +7.8% |
| 2 Bedrooms | 337 | 355 | +5.3% |
| 3 Bedrooms | 531 | 533 | 0.4% |
| 4 Bedrooms | 421 | 444 | +5.5% |
| 5+ Bedrooms | 116 | 139 | +19.8% |
Summary: The San Jose housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 19.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 475 | 516 | +8.6% |
Asking Price vs. Sold Price
110 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
342 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Jose, you could pay more than the asking price. 69.5% of homes here sold above asking price last month.
Summary: A total of 516 homes were sold or pending in San Jose in October 2024, up by 8.6% month-over-month. Of the 492 sold homes, 22% were sold under asking, 8% were sold at asking, and 70% were sold over asking.
Days on Market for San Jose, CA
How long does it take to sell a home in San Jose, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 19 Days | +11.8% |
Summary: Homes in San Jose had an average of 19 days on market in Oct 2024, up by 11.8% compared to last year.
Breakdown of Home Sale Times
411 Homes Were Sold
Under 30 Days
91 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Jose are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 516 homes were sold in San Jose; 80% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.