$10,000 Closing Credit*
$1,250,000
1,641 SqFt
2 Beds
•2 Full Baths, 1 Partial
Samantha Siewit, Listing Office: Compass
Is San Jose, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,410,607
$888/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$110,647(+8.5%)
Key Takeaway
Homes in San Jose have sold for 8.5% more than they did a year ago.
Summary: The median home sold price in San Jose was $1,410,607 in November 2024, up 8.5% from last year, and the median price per square foot was $888.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $565K | +2.7% |
| 2 Bedrooms | $812.4K | $821.7K | +1.2% |
| 3 Bedrooms | $1.3M | $1.3M | +6.9% |
| 4 Bedrooms | $1.6M | $1.7M | +11.3% |
| 5+ Bedrooms | $1.9M | $2.2M | +18.5% |
Summary: San Jose housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 18.5%.
Median Sold Price Compared To Nearby Cities
| Los Gatos | $2.1M | $2.3M | +11.2% |
| Saratoga | $3.6M | $4.0M | +10.6% |
| San Jose | $1.2M | $1.4M | +8.5% |
| Santa Clara | $1.5M | $1.6M | +8.3% |
| Campbell | $1.7M | $1.8M | +6.2% |
Housing Supply in San Jose, CA
How many homes are available in San Jose, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,474 | 1,263 | -14.3% |
Summary: The San Jose real estate market had 1,263 homes for sale in November 2024, a 14.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 46 | -9.8% |
| 2 Bedrooms | 335 | 316 | -5.7% |
| 3 Bedrooms | 525 | 438 | -16.6% |
| 4 Bedrooms | 430 | 336 | -21.9% |
| 5+ Bedrooms | 133 | 127 | -4.5% |
Summary: The San Jose housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.8%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 16.6%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 511 | 484 | -5.3% |
Asking Price vs. Sold Price
160 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
273 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Jose, you could pay more than the asking price. 59% of homes here sold above asking price last month.
Summary: A total of 484 homes were sold or pending in San Jose in November 2024, down by 5.3% month-over-month. Of the 463 sold homes, 35% were sold under asking, 6% were sold at asking, and 59% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 22 Days | +14.4% |
Summary: Homes in San Jose had an average of 22 days on market in Nov 2024, up by 14.4% compared to last year.
Breakdown of Home Sale Times
359 Homes Were Sold
Under 30 Days
113 Homes Were Sold
In 30 - 90 Days
10 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 November 2024, 484 homes were sold in San Jose; 74% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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