Mary Pope-Handy's Market Report

San Jose, CA 95110

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog


San Jose, CA 95110

Fri Jul 26 2024
This week the median list price for San Jose, CA 95110 is $1,149,500 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has decreased to 6. Click here to stay informed with the San Jose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Jose, CA 95110

Fri Jul 26 2024
This week the median list price for San Jose, CA 95110 is $1,149,500 with the market action index hovering around 47. This is an increase over last month's market action index of 44. Inventory has decreased to 6. Click here to stay informed with the San Jose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,149,500
Median Price of New Listings $1,199,000
Per Square Foot $785
Average Days on Market 53
Median Days on Market 42
Price Decreased 33%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
Market Action 47
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,499,989 2,300 4,500 - 6,500 sqft 6 3 132 0 0 49
$1,400,000 1,862 4,500 - 6,500 sqft 5 3 89 0 0 28
$1,149,500 1,032 4,500 - 6,500 sqft 3 3.5 112 1 0 77
$848,500 1,389 0 - 4,500 sqft 4 1.5 124 0 0 42