Is Downtown San Jose, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Downtown San Jose has remained a Seller's Market.
Housing Prices in Downtown San Jose, CA
How much do homes in Downtown San Jose, CA cost?
Median Sold Price
$947,500
$736/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Downtown San Jose was $947,500 in April 2024, up 1.9% from last year, and the median price per square foot was $736.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | $687K | +1.8% |
2 Bedrooms | $902.5K | $850K | -5.8% |
3 Bedrooms | $1.0M | $1.2M | +15.7% |
4 Bedrooms | $1.4M | $1.3M | -2.8% |
5+ Bedrooms | $1.4M | $1.2M | -10.5% |
Summary: Downtown San Jose housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 15.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 10.5%.
Housing Supply in Downtown San Jose, CA
How many homes are available in Downtown San Jose, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
63 | 72 | +14.3% |
Summary: The Downtown San Jose real estate market had 72 homes for sale in April 2024, a 14.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 30 | 34 | +13.3% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Downtown San Jose housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 18 | +5.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Downtown San Jose in April 2024, up by 5.9% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for Downtown San Jose, CA
How long does it take to sell a home in Downtown San Jose, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 27 Days | -4.1% |
Summary: Homes in Downtown San Jose had an average of 27 days on market in Apr 2024, down by 4.1% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 18 homes were sold in Downtown San Jose; 89% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.