$8,906 Closing Credit*
$749,998
1,674 SqFt
7 Beds
•3 Full Baths
Karen Ulloa, Listing Office: REDFIN CORPORATION
Is South San Jose Hills, 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, South San Jose Hills has remained a Seller's Market.
Key Takeaway
South San Jose Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South San Jose Hills, CA
How much do homes in South San Jose Hills, CA cost?
Median Sold Price
$670,000
$580/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,000(+8.9%)
Key Takeaway
Homes in South San Jose Hills have sold for 8.9% more than they did a year ago.
Summary: The median home sold price in South San Jose Hills was $670,000 in October 2024, up 8.9% from last year, and the median price per square foot was $580.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $548.9K | $630K | +14.8% |
| 3 Bedrooms | $600K | $650K | +8.3% |
| 4 Bedrooms | $705K | $735K | +4.3% |
| 5+ Bedrooms | $700K | $755K | +7.9% |
Summary: South San Jose Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 14.8%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Neighborhoods
| South San Jose Hills | $615K | $670K | +8.9% |
| The San Gabriel Valley | $816K | $877.6K | +7.5% |
| Valinda | $692.5K | $742K | +7.1% |
Housing Supply in South San Jose Hills, CA
How many homes are available in South San Jose Hills, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 20 | -20.0% |
Summary: The South San Jose Hills real estate market had 20 homes for sale in October 2024, a 20.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 7 | 4 | -42.9% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South San Jose Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South San Jose Hills, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 9 homes were sold or pending in South San Jose Hills in October 2024, up by 125.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for South San Jose Hills, CA
How long does it take to sell a home in South San Jose Hills, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 9 Days | 31 Days | +225.9% |
Summary: Homes in South San Jose Hills had an average of 31 days on market in Oct 2024, up by 225.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South San Jose Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in South San Jose Hills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.