San Jose, California started 2024 with a total of 152 single-family homes on the market, with a median home price of $1,549,500 and an average price per square foot of $933.88. By the end of the year, inventory had increased to 156 homes on the market (+3%), with a median home price of $1,605,500 (+4%), and an average price per square foot of $1006 (+8%).
At the start of 2024, the median days on market (DOM) was 63 days – by the end of the year, median DOM had decreased to 49 days.
San Jose, California started the year with 19.74% 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 19.23% of homes for sale had taken a price cut.
