Mary Pope-Handy's Market Report

San Jose, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Jose, CA

Thu Dec 08 2022
This week the median list price for San Jose, CA is $1,499,000 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has decreased to 322. 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 started cooling and prices have been flat for several weeks. Since 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

Thu Dec 08 2022
This week the median list price for San Jose, CA is $1,499,000 with the market action index hovering around 57. This is less than last month's market action index of 59. Inventory has decreased to 322. 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 started cooling and prices have been flat for several weeks. Since 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 $1,499,000
Median Price of New Listings $1,498,000
Per Square Foot $839
Average Days on Market 65
Median Days on Market 42
Price Decreased 42%
Price Increased 3%
Relisted 8%
Inventory 322
Median Rent
Market Action 57
Strong Seller's Market

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
$2,399,500 2,599 0.25 - 0.5 acre 4 3 49 10 13 49
$1,698,444 1,949 6,500 - 8,000 sqft 4 2.5 58 8 20 59
$1,350,000 1,740 4,500 - 6,500 sqft 4 2 52 11 23 28
$1,019,000 1,297 4,500 - 6,500 sqft 3 2 63 12 16 42