Mary Pope-Handy's Market Report

San Jose, CA 95118

Single-Family Homes

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



San Jose, CA 95118

Sun Jan 29 2023
This week the median list price for San Jose, CA 95118 is $1,499,999 with the market action index hovering around 60. This is less than last month's market action index of 72. Inventory has increased to 11. 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 95118

Sun Jan 29 2023
This week the median list price for San Jose, CA 95118 is $1,499,999 with the market action index hovering around 60. This is less than last month's market action index of 72. Inventory has increased to 11. 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 $1,499,999
Median Price of New Listings $1,295,000
Per Square Foot $946
Average Days on Market 59
Median Days on Market 28
Price Decreased 45%
Price Increased 0%
Relisted 9%
Inventory 11
Median Rent
Market Action 60
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$1,885,000 2,044 6,500 - 8,000 sqft 4 2.5 54 0 0 17
$1,649,888 1,460 6,500 - 8,000 sqft 4 2 64 1 1 42
$1,350,000 1,483 4,500 - 6,500 sqft 3 2 59 1 0 154
$1,249,888 1,360 6,500 - 8,000 sqft 3 2 65 1 0 28