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 May 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
$1,019,333
$767/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East San Jose was $1,019,333 in May 2024, up 7.3% from last year, and the median price per square foot was $767.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $455K | $437.5K | -3.8% |
2 Bedrooms | $620K | $635K | +2.4% |
3 Bedrooms | $910K | $970K | +6.6% |
4 Bedrooms | $1.0M | $1.2M | +15.7% |
5+ Bedrooms | $1.1M | $1.4M | +20.1% |
Summary: East San Jose housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 20.1%.
Housing Supply in East San Jose, CA
How many homes are available in East San Jose, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
80 | 91 | +13.8% |
Summary: The East San Jose real estate market had 91 homes for sale in May 2024, a 13.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 11 | 11 | 0.0% |
3 Bedrooms | 45 | 48 | +6.7% |
4 Bedrooms | 16 | 25 | +56.3% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The East San Jose housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 56.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in East San Jose in May 2024, up by 26.9% month-over-month. Of the 32 sold homes, 13% were sold under asking, 3% were sold at asking, and 84% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 10 Days | -30.9% |
Summary: Homes in East San Jose had an average of 10 days on market in May 2024, down by 30.9% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in East San Jose; 88% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.