Andy Sweat

San Jose, CA

Single-Family Homes

Realtor, Top Producer | Keller Williams Bay Area Estates



San Jose, CA

Sun Jul 21 2019
This week the median list price for San Jose, CA is $1,149,000 with the market action index hovering around 51. This is less than last month's market action index of 59. Inventory has held steady at or around 864. Click here to stay informed with the San Jose market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 21 2019
This week the median list price for San Jose, CA is $1,149,000 with the market action index hovering around 51. This is less than last month's market action index of 59. Inventory has held steady at or around 864. Click here to stay informed with the San Jose market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $1,149,000
Per Square Foot $653
Days on Market 45
Price Decreased 33%
Price Increased 3%
Relisted 6%
Inventory 864
Median House Rent $3,600
Most Expensive $12,500,000
Least Expensive $275,000
Market Action Index
Strong Seller's Market
51

The market appears to be 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
$1,798,000 2,700 8,000 - 10,000 sqft 4 3 39 22 12 52
$1,289,450 1,851 6,500 - 8,000 sqft 4 2 56 17 23 39
$1,025,000 1,642 4,500 - 6,500 sqft 4 2 51 22 23 48
$799,969 1,316 4,500 - 6,500 sqft 3 2 57 33 24 42