BAP Blog San Jose California Real Estate Market Overview

San Jose Summary Average price per square foot for San Jose CA was $288, a decrease of 8.6% compared to the same period last year. The median sales price for homes in San Jose CA for Apr 11 to Jun 11 was $395,000 based on 3,318 home sales. Compared to the same period one year ago, the median home sales price decreased 7.1%, or $30,000, and the number of home sales decreased 9%. There are currently 2,318 resale and new homes in San Jose on Trulia, including 162 open houses, as well as 3,973 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in San Jose CA was $547,042 for the week ending Jul 27, which represents an increase of 1.4%, or $7,475, compared to the prior week. Popular neighborhoods in San Jose include Willow Glen and Edenvale, with average listing prices of $724,645 and $405,506.