Andy Sweat
San Jose, CA
Single-Family Homes
Realtor, Top Producer | Keller Williams Bay Area Estates
San Jose, CA
Mon Oct 21 2024
This week the median list price for San Jose, CA is $1,600,000 with the market action index hovering around 64. This is about the same as last month's market action index of 64. Inventory has held steady at or around 377.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $1,600,000 | |
| Median Price of New Listings | $1,650,000 | |
| Per Square Foot | $936 | |
| Average Days on Market | 70 | |
| Median Days on Market | 21 | |
| Price Decreased | 25% | |
| Price Increased | 6% | |
| Relisted | 11% | |
| Inventory | 377 | |
| Median Rent | ||
| Market Action | 64 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $2,877,500 | 2,866 | 8,000 - 10,000 sqft | 4 | 3 | 52 | 20 | 15 | 28 |
| $1,850,000 | 1,888 | 6,500 - 8,000 sqft | 4 | 3 | 58 | 28 | 21 | 21 |
| $1,475,000 | 1,591 | 4,500 - 6,500 sqft | 4 | 2 | 54 | 18 | 26 | 28 |
| $1,088,888 | 1,242 | 4,500 - 6,500 sqft | 3 | 2 | 65 | 25 | 25 | 14 |