San Jose Real Estate Market
As of January 9, 2020 out of 444,000 homes in Santa Clara County, there are 353 active in the San Jose real estate market alone. Of those, 199 are single family homes and 154 are condos or townhouses. More San Jose numbers: Average days on market before going into contract is 32, and listings are selling at a rate of 101.7% of the list price - right around the offering price. The average sales price to original list price ratio is 97.7, so even after price reductions the offers aren't too far off (we are seeing this statistic on a current upward trend, and it is now higher than it was in the autumn). The average sales price across all San Jose properties is $1,072,623 with single family homes coming in average at $1,177,727 (median SFR is $1,037,500). San Jose condos for sale have been closing at an average of $605,000 and San Jose townhomes $760,000.
Year over year, the pricing is slightly down for the San Jose real estate market - in January of last year the average price of SFR was $1,147,000 and is now $1,177,727. If you are searching for San Jose real estate companies, or looking for a San Jose real estate agent, please consider contacting us to get your questions answered. We're happy to help. We update this San Jose real estate market report monthly and are happy to discuss buying a home in the Bay Area or the home selling process.