Intero Market Report

San Jose, CA 95129

Single-Family Homes

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San Jose, CA 95129

Sun May 26 2024
This week the median list price for San Jose, CA 95129 is $2,498,944 with the market action index hovering around 85. This is less than last month's market action index of 87. Inventory has increased to 10. 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

San Jose, CA 95129

Sun May 26 2024
This week the median list price for San Jose, CA 95129 is $2,498,944 with the market action index hovering around 85. This is less than last month's market action index of 87. Inventory has increased to 10. 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $2,498,944
Median Price of New Listings $2,598,000
Per Square Foot $1,376
Average Days on Market 36
Median Days on Market 21
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 85
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,985,000 2,289 6,500 - 8,000 sqft 4 4 33 1 0 122
$2,798,000 1,829 6,500 - 8,000 sqft 4 2.5 66 1 1 10
$2,498,888 1,806 4,500 - 6,500 sqft 4 2 60 1 0 7
$1,900,000 1,358 4,500 - 6,500 sqft 3 2 69 0 1 21