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 continuing to accelerate through spring. 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:

  • April sales took an average of 11 days on market to sell, a full month quicker than this time last year!
  • The sales to list price ratio rose again month-over-month at 109.9%, up +2.2% above last month and up +9.3% from last year.
  • Single family home sales prices in April had some up and down. Average sales prices dipped -3.2% and median sales prices grew +7.2% month-over-month, though they were both up +6.4% and +10.1% 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 remains well below this time last year – which was still well below a more typical spring market! Pending sales soared, while closed sales fell sharply month-over-month. Meanwhile year-over-year active inventory and pending sales fell behind with closed sales up by a hair. The sales to list price ratio rose by +2.2% since the month before, and up +9.3% over this time last year. Homes on average took 11 days to sell, and with prices around 6% – 10% 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 GlanceApr 2024Previous MonthYear-over-Year
Median Price$2,062,500 (+7.2%)$1,924,000$1,872,500 (+10.1%)
Average Price$2,063,060 (-3.2%)$2,131,910$1,938,070 (+6.4%)
No. of Sales20 (-37.5%)3218 (+11.1%)
Pending27 (+58.8%)1723 (+17.4%)
Active20 (+81.8%)1131 (-35.5%)
Sale vs. List Price109.9% (+2.2%)107.5%100.5% (+9.3%)
Days on Market11 (-41.9%)1941 (-73.2%)
Days of Inventory29 (+181.2%)1050 (-41.9%)

 

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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