Mary Pope-Handy's Market Report

San Jose, CA 95126

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Jose, CA 95126

Sun Mar 03 2024
This week the median list price for San Jose, CA 95126 is $1,198,000 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has increased to 9. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

San Jose, CA 95126

Sun Mar 03 2024
This week the median list price for San Jose, CA 95126 is $1,198,000 with the market action index hovering around 54. This is an increase over last month's market action index of 48. Inventory has increased to 9. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller’s zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,198,000
Median Price of New Listings $1,198,000
Per Square Foot $961
Average Days on Market 28
Median Days on Market 0
Price Decreased 11%
Price Increased 0%
Relisted 11%
Inventory 9
Median Rent
Market Action 54
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
$2,661,944 2,712 0.25 - 0.5 acre 4 4.3 62 1 0 10
$1,798,000 2,175 0 - 4,500 sqft 4 2.8 41 2 1 0
$1,198,000 1,049 0 - 4,500 sqft 2 1.8 59 2 1 0
$1,150,000 840 4,500 - 6,500 sqft 2 1 104 2 0 0