We take a look at how the San Jose Real Estate Market is performing mid month in February, 2023. Currently in San Jose there are 337 Single Family Homes for sale. Of the 337, 240 came on to the market since February 01, 2023. The average days on market of the homes for sale at the moment is 44 days. The median list price is $1,474,000.
Table of contents
Status Changes
42 Single Family Homes are in contingent status. Contingent status means an offer has been accepted and is contingent on fulfilling certain criteria within the purchase agreement. The listing is still on market. This status is generally used to indicate that the seller is looking for additional back-up offers, or that the property is subject to financing, court or other third party approval.
154 Single Family Homes are in pending status. Pending status is when an offer has been accepted and is expected to close. The seller is not accepting additional offers and the property is not on market.
100 homes have currently sold.
Price Changes
14 Homes have increased their list price. In comparison, 47 homes decreased their list price.
Unsold Home Status Changes
10 Transactions fell through, meaning an offer was accepted but ultimately the buyer & seller cancelled the sale. It is common for the home to be relisted on to the market after the transaction falls through.
14 homes are in cancelled status. Cancelled status simply means the listing contract has been terminated in writing by broker and seller. The listing is not on market.
16 homes are in withdrawn status. Withdrawn status is when a valid listing contract is in effect, but the listing is not being marketed. This status can be used to indicate that the seller requested withholding property showings and offers temporarily. This listing is in the MLS, but not actively on market.