Real Estate Market Report - San Jose, CA (Feb, 2024)

by Test Xinjiagou4

Current Market Condition

Active Listings

Pending Listings

Median List Price

View Properties for Sale Find Out Your Home Value

The median sale/list price for the given time period ranges from $1,025,000 to $1,251,000, with the peak occurring in June and July and a dip in November and December.

Median Sale/List Price

List Price

Sale Price

The median sale price per square foot increases steadily from $687.5 in February 2023 to $761.403 in December 2023, with a peak of $771.486 in July 2023. However, there is a slight dip in August 2023 to $732.137 before rising again.

Median Sale Price per Square Foot

The median sale price to list price ratio remains steady at 1.0 in February and March of 2023, but begins to increase slightly in April and May, reaching 1.017 in May. The ratio continues to climb in the following months, peaking at 1.029 in June, before tapering off slightly in the later months of the year. Overall, the data suggests that sellers may have slightly more bargaining power in the middle of the year, but buyers may have more leverage in the later months.

Median Sale Price to List Price Ratio

The data shows the number of properties sold/listed each month from February 2023 to December 2023, with a peak of 717 in May 2023 and a steady decrease to 417 in December 2023. Overall, the data indicates a relatively consistent level of activity in the real estate market throughout the year.

Properties Sold/Listed

Properties Listed

Properties Sold

The median days on market fluctuated throughout 2023, ranging from a low of 39 days in March and November, to a high of 45 days in October and December. Overall, houses stayed on the market for an average of around 42-43 days during the summer months.

Median Days on Market

GET MORE INFORMATION

Name

Phone*

Email*

Message

demo disclaimer 1

By clicking [I’m finished] below I am providing my ESIGN signature and express written consent to permit Luminate Home Loans, Inc. and third parties acting on their behalf to contact me at the number provided above for marketing or promotional purposes, including through the use of automated technology, SMS/MMS messages, AI generative voice, and prerecorded and/or artificial voice messages related to the product or services I am inquiring about. I acknowledge my consent is not required to obtain any good or service.

MY BLOG

blog test1

blog test1 change1

The U.S. Foreclosure Map You Need To See

Foreclosure headlines are making noise again – and they’re designed to stir up fear to get you to read them. But what the data shows is actually happening in the market tells a very different story than what you might be led to believe. So, before you jump to conclusions, it’s important to look at t

The Latest Mortgage Rate Forecasts

Some HighlightsIf you’re tempted to delay your move in hope that mortgage rates will come down, you may want to rethink that strategy based on the latest forecast.Experts say mortgage rates are projected to stay in the 6s this year. So don’t expect a big drop.If you want to talk about what this mean