The Evergreen area of San Jose

Evergreen area of San Jose (Silicon Valley)San Jose’s Evergreen district is in a seller’s market that’s remaining hot as we approach summer. This article will examine the data from sales and active listings in this residential real estate market with live charts and monthly updates. Here are a few points from the latest Evergreen single family housing market update, provided in more detail below:

  • May sales took an average of 10 days on market to sell
  • The sales to list price ratio slipped month-over-month at 107.8%, down -1.9% below last month and down -1.8% from last year.
  • Single family home sales prices in May had some up and down. Average sales prices rose +0.5% and median sales prices plunged -14.9% month-over-month, though they were both up +21.5% and +3.2% respectively year-over-year.

The Evergreen area of San Jose includes many newer homes and communities. It is a desirable Silicon Valley district as Evergreen is scenic and most of the area enjoys highly regarded schools, particularly at the elementary and middle school levels.

Evergreen Real Estate Market Report: Single Family Homes

The RE Report considers all of the Evergreen district together. Please find the full report on my Real Estate Report for the Evergreen area of San Jose. Further down, you’ll see live charts with more zip code specific details.

The market is showing a strong sellers market with some up and down from the month before. This hot market is far from balanced!

Active inventory grew month-over-month and finally rose above this time last year – however it’s still well below a more typical spring market! Pending sales rose, while closed sales soared month-over-month. Meanwhile year-over-year pending and closed sales were both way up. The sales to list price ratio dropped by -1.9% since the month before, also down -1.8% from this time last year. Homes on average took 10 days to sell, and with prices higher than this time last year.

Data indicates a strong seller’s market with increasing activity nearing spring’s likely peak in the Evergreen single family home real estate market.

Trends at a Glance

Trends At a GlanceMay 2024Previous MonthYear-over-Year
Median Price$1,755,000 (-14.9%)$2,062,500$1,701,000 (+3.2%)
Average Price$2,072,410 (+0.5%)$2,063,060$1,705,630 (+21.5%)
No. of Sales35 (+75.0%)2027 (+29.6%)
Pending30 (+11.1%)2723 (+30.4%)
Active27 (+35.0%)2021 (+28.6%)
Sale vs. List Price107.8% (-1.9%)109.9%109.8% (-1.8%)
Days on Market10 (-6.0%)1112 (-16.9%)
Days of Inventory23 (-20.2%)2923 (-0.8%)

 

Altos Research: Evergreen real estate market for single family homes or houses by zip code

95148

Evergreen of San Jose 95148 Real-Time Market Profile

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