Intero's Market Report

San Jose, CA

Single-Family Homes



San Jose, CA

Mon Feb 06 2023
This week the median list price for San Jose, CA is $1,488,888 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 243. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Mon Feb 06 2023
This week the median list price for San Jose, CA is $1,488,888 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has increased to 243. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $1,488,888
Median Price of New Listings $1,398,000
Per Square Foot $870
Average Days on Market 74
Median Days on Market 49
Price Decreased 28%
Price Increased 5%
Relisted 11%
Inventory 243
Median Rent
Market Action 54
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$2,493,500 2,991 8,000 - 10,000 sqft 4 3 47 18 11 49
$1,698,000 1,900 6,500 - 8,000 sqft 4 2.5 59 12 10 77
$1,299,000 1,574 4,500 - 6,500 sqft 3 2 55 16 20 28
$950,000 1,156 4,500 - 6,500 sqft 3 2 70 25 14 14