Mary Pope-Handy's Market Report

San Jose, CA

Condos/Townhomes

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



San Jose, CA

Sun Jul 14 2024
This week the median list price for San Jose, CA is $798,000 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has increased to 286. 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

Sun Jul 14 2024
This week the median list price for San Jose, CA is $798,000 with the market action index hovering around 57. This is less than last month's market action index of 60. Inventory has increased to 286. 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 $798,000
Median Price of New Listings $784,900
Per Square Foot $661
Average Days on Market 53
Median Days on Market 28
Price Decreased 24%
Price Increased 5%
Relisted 7%
Inventory 286
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
$1,275,000 1,619 0 - 4,500 sqft 3 3 27 11 11 35
$899,000 1,310 0 - 4,500 sqft 2 2 33 7 12 21
$728,000 1,117 0 - 4,500 sqft 2 2 39 6 9 28
$549,499 903 0 - 4,500 sqft 2 1 53 14 11 28