Top Large Teams in San Jose, California – Ranked by Volume

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    • Rank – City VolumeTeam NameCompanyLocationVolumeProfile
    1Block Change Real EstateBlock Change Real EstateSan Jose, CA$144,828,506View Profile
    2Bonafede TeamCompassSan Jose, CA$92,689,755View Profile
    3Bani-Taba TeamCompassSan Jose, CA$45,522,891View Profile
    4Lutz and CruzKeller WilliamsSan Jose, CA$31,466,658View Profile

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    2023 San Jose, California Housing Market Summary

    San Jose, California started 2023 with a total of 204 single-family homes on the market, with a median home price of $1,500,000 and an average price per square foot of $936. By the end of the year, inventory had decreased to 163 homes on the market (-20%), with a median home price of $1,500,000 (+0%) and an average price per square foot of $931 (+0%).

    At the start of 2023, the median days on market (DOM) was 56 days – by the end of the year, median DOM had remained the same at 56 days.

    San Jose started the year with 36% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 20% of San Jose homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that San Jose started 2023 as a strong seller’s market, with an MAI score of 53; by the end of the year, the MAI had rose to 66 – a strong seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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