Is East 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, East San Jose has remained a Seller's Market.
Housing Prices in East San Jose, CA
How much do homes in East San Jose, CA cost?
Median Sold Price
$1,000,000
$758/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East San Jose was $1,000,000 in April 2024, up 5.3% from last year, and the median price per square foot was $758.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $465K | $437.5K | -5.9% |
2 Bedrooms | $620K | $630K | +1.6% |
3 Bedrooms | $928K | $955K | +2.9% |
4 Bedrooms | $1.0M | $1.2M | +14.3% |
5+ Bedrooms | $1.1M | $1.3M | +24.4% |
Summary: East San Jose housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 24.4%.
Housing Supply in East San Jose, CA
How many homes are available in East San Jose, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 85 | +23.2% |
Summary: The East San Jose real estate market had 85 homes for sale in April 2024, a 23.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 8 | 12 | +50.0% |
3 Bedrooms | 34 | 48 | +41.2% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The East San Jose housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 41.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in East San Jose in April 2024, down by 13.3% month-over-month. Of the 25 sold homes, 16% were sold under asking, 16% were sold at asking, and 68% were sold over asking.
Days on Market for East San Jose, CA
How long does it take to sell a home in East San Jose, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
13 Days | 11 Days | -14.3% |
Summary: Homes in East San Jose had an average of 11 days on market in Apr 2024, down by 14.3% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 26 homes were sold in East San Jose; 92% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.