Top Mega Teams in San Jose, California – Ranked by Sides

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    • Rank – City SidesTeam NameCompanyLocationSidesProfile
    1Momentum RealtyMomentum RealtySan Jose, CA 295.0View Profile
    2PRG Real EstateeXp Realty, LLCSan Jose, CA 207.0View Profile

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    2022 Market Summary

    San Jose, California started 2022 with a total of 125 single-family homes on the market, with a median home price of $1,475,000 and an average price per square foot of $950. By the end of the year, inventory had increased to 228 homes on the market (+82%), with a median home price of $1,499,999 (+1%) and an average price per square foot of $941 (+0%).

    At the start of 2022, the median days on market (DOM) was 70 days – by the end of the year, median DOM had decreased to 63 days.

    San Jose started the year with 4% 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 38% of San Jose homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that San Jose started 2022 as a strong seller’s market, with an MAI score of 58; by the end of the year, the MAI had rose to 59 – a strong seller’s advantage.

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

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    Orlando, Florida, USA Downtown Drone Skyline Aerial

    Amid rising housing costs, prospective homebuyers are looking to relocate: Redfin 

    Nov 20, 2023By

    A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found.