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

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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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