Mary Pope-Handy's Market Report

San Jose, CA

Condos/Townhomes

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 $800,000 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has decreased to 163. 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

Thu Dec 08 2022
This week the median list price for San Jose, CA is $800,000 with the market action index hovering around 51. This is less than last month's market action index of 54. Inventory has decreased to 163. 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 $800,000
Median Price of New Listings $924,400
Per Square Foot $673
Average Days on Market 62
Median Days on Market 49
Price Decreased 38%
Price Increased 1%
Relisted 7%
Inventory 163
Median Rent
Market Action 51
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
$1,289,482 1,694 0 - 4,500 sqft 3 2.5 14 5 8 45
$925,000 1,393 0 - 4,500 sqft 2 2 22 5 10 49
$699,000 1,050 0 - 4,500 sqft 2 2 37 4 7 42
$518,000 828 0 - 4,500 sqft 2 1 43 2 11 49