38 homes in zoned to Merritt Trace Elementary
Homes Zoned to Merritt Trace Elementary
San Jose, CA
About Homes Zoned to Merritt Trace Elementary
These are homes for sale inside the attendance boundary for Merritt Trace Elementary in San Jose (Topfind School Score: 4/10). Every home here is actually assigned to this school per the official attendance zone, not just nearby. This zone has 160 active listings.
Merritt Trace Elementary Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 12.3 months of supply is more than current demand absorbs, and sale prices have eased 8% over the last six months, though they remain 4% above a year ago. At the same time, selling times have improved 26% versus six months ago, and inventory is an even mix of new and older listings, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$1.19M
↑ 4% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
12.3 months of supply
Ample Supply160 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~58 days.
Sales Velocity
How fast homes are selling
Homes take longer to sell here than in a balanced market, so buyers have more time to negotiate and explore options. The trend is moving the other way though, with selling times down 26% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 54% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Merritt Trace Elementary Area
Homeownership is near the state average, with a balanced mix of owners and renters.
56%
Homeowners
44%
Renters
Homeownership is 0.5 points higher than the California average (55.5%)
326,767 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $1.0M in value on average, with larger homes seeing bigger price jumps.
Largest increase: 4 → 5 bedrooms (+$3.1M)
Price Reductions
55 listings have reduced their price
34% of active listings
Average reduction: 5.9% (~$70K)
Merritt Trace Elementary Attendance Zone Market Overview
Merritt Trace Elementary is an elementary school in the San Jose Unified district. The school carries a Topfind School Score of 4. This page is limited to homes zoned to Merritt Trace Elementary, based on its mapped attendance boundary. The median list price in the Merritt Trace Elementary attendance zone is $1.2M. That runs roughly 4.2% lower than San Jose as a whole. Current inventory stands at 160 active listings. February to July saw the median price go from $1.2M to $1.6M, up about 35.6%.
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Nearby Schools
Frequently Asked Questions about Homes near Merritt Trace Elementary
How many homes are for sale in Merritt Trace Elementary Area, CA?
There are currently 160 homes for sale in Merritt Trace Elementary Area, ranging from $550,000 to $4,699,000. 26 of them hit the market within the last week.
What is the median home price in Merritt Trace Elementary Area?
The median list price in Merritt Trace Elementary Area is $1,187,388. Price per square foot averages $891. Prices are up 3.9% compared to a year ago.
How fast do homes sell in Merritt Trace Elementary Area?
Homes in Merritt Trace Elementary Area currently average 58 days on the market, a slower pace that gives buyers more time to evaluate and negotiate.