Is West San Jose, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West San Jose is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, West San Jose has remained a Seller's Market.

Key Takeaway

West San Jose is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West San Jose, CA

How much do homes in West San Jose, CA cost?

Median Sold Price

$1,958,000

$1,210/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$242,166(+14.1%)

Key Takeaway

Homes in West San Jose have sold for 14.1% more than they did a year ago.

Summary: The median home sold price in West San Jose was $1,958,000 in October 2024, up 14.1% from last year, and the median price per square foot was $1,210.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $600K$600K
0.0%
2 $882.5K$865K
-2.0%
3 $1.7M$1.9M
+12.0%
4 $2.0M$2.3M
+15.0%
5+ $2.2M$2.5M
+11.8%

Summary: West San Jose 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 decreased by 2%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 11.8%.

Housing Supply in West San Jose, CA

How many homes are available in West San Jose, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144140-2.8%

Summary: The West San Jose real estate market had 140 homes for sale in October 2024, a 2.8% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 3233
+3.1%
3 6564
-1.5%
4 3530
-14.3%
5+ 89
+12.5%

Summary: The West San Jose 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 increased by 3.1%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
50500.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West San Jose, you could pay more than the asking price. 74.5% of homes here sold above asking price last month.

Summary: A total of 50 homes were sold or pending in West San Jose in October 2024, the same as the previous month. Of the 47 sold homes, 23% were sold under asking, 2% were sold at asking, and 74% were sold over asking.

Days on Market for West San Jose, CA

How long does it take to sell a home in West San Jose, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
10 Days16 Days+57.8%

Summary: Homes in West San Jose had an average of 16 days on market in Oct 2024, up by 57.8% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in West San Jose are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 50 homes were sold in West San Jose; 88% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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