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

Thu Sep 21 2023
This week the median list price for San Jose, CA is $798,500 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has increased to 158. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

San Jose, CA

Thu Sep 21 2023
This week the median list price for San Jose, CA is $798,500 with the market action index hovering around 67. This is about the same as last month's market action index of 67. Inventory has increased to 158. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $798,500
Median Price of New Listings $798,400
Per Square Foot $694
Average Days on Market 44
Median Days on Market 21
Price Decreased 24%
Price Increased 2%
Relisted 6%
Inventory 158
Median Rent
Market Action 67
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
$1,199,000 1,616 0 - 4,500 sqft 3 2.5 21 12 9 35
$899,000 1,259 0 - 4,500 sqft 2 2 29 15 8 7
$699,444 998 0 - 4,500 sqft 2 2 35 15 14 17
$528,500 907 0 - 4,500 sqft 2 1 43 12 7 24