BAP Blog San Jose Real Estate Market Trends Update

Market View for San Jose, California Average price per square foot for San Jose CA was $289, a decrease of 6.8% compared to the same period last year. The median sales price for homes in San Jose CA for May 11 to Jul 11 was $400,000 based on 3,130 home sales. Compared to the same period one year ago, the median home sales price decreased 7%, or $30,000, and the number of home sales decreased 11%. There are currently 2,211 resale and new homes in San Jose on Trulia, including 11 open houses, as well as 3,967 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 $565,770 for the week ending Aug 24, which represents an increase of 0.8%, or $4,298, compared to the prior week. Popular neighborhoods in San Jose include Willow Glen and Edenvale, with average listing prices of $741,521 and $540,712.