San Jose Real Estate Market: A Look at Recent Property Transactions

San Jose Real Estate Market: In San Jose, the owner of a 1,630 sq ft home built in 1972 has changed. On August 18, 2023, Via de Los Reyes sold for $1.6M. That’s $933/sq ft, a fair price.

This home has three beds and two baths, making it cozy and practical. The house has a wooden roof.

Inside, a cozy fireplace warms inviting spaces on chilly nights. The house has a sound heating system and automatic air conditioning for year-round comfort.

This property has a two-car garage for parking and storage. The backyard has a spa and pool, perfect for relaxation and fun.

Nearby homeowners have changed recently.

In Nov. 2022, a 2,011 sq. ft. house in San Jose sold for $1,680,000 ($835/sq. ft.). This house has two baths and three bedrooms.

In April 2023, a 3,027 sq ft home in San Jose sold for $2.3 million. Each square foot of the home is $760. The house has four beds and three baths.

In Aug 2022, a 1,624 sq ft home in San Jose was bought for $1,850,000. The price/sq ft is $1,139. This house has three beds and two baths.

These deals reflect the evolving real estate market, offering various homes for residents.

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Our Reader’s Queries

Are home prices dropping in San Jose CA?

Zillow predicts a decline in home prices in the San Jose and San Francisco markets in the coming year. San Jose is expected to experience the biggest drop in home prices among the top 100 metro areas in the US, with a projected decrease of 6.1%.

Is it a good time to buy a house San Jose?

Despite a dip in home values last year, San Jose and Santa Clara County are now seeing a steady increase in home prices. This trend is expected to continue, potentially leading to record-high list prices and median home values in San Jose. It’s clear that the real estate market in this area is thriving, and homeowners can expect to see a significant return on their investment in the coming years.

Is San Jose a buyers or sellers market?

San Jose, CA saw a slight decrease in median home prices in December 2023, with the average list price coming in at $1,098,888 compared to $1,149,000 in 2022. Despite this, the city remained a seller’s market, with more buyers than available homes.

Why are houses in San Jose so expensive?

San Jose’s housing prices are 26% higher per unit compared to neighboring counties like San Francisco and Alameda. This is due to a shortage in the labor market and differences in wage structures, according to a recent report.

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