Phillip & Stella Ralph

San Jose, CA 95124

Single-Family Homes



San Jose, CA 95124

Wed Oct 23 2019
This week the median list price for San Jose, CA 95124 is $1,198,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has held steady at or around 54. 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 95124

Wed Oct 23 2019
This week the median list price for San Jose, CA 95124 is $1,198,500 with the market action index hovering around 46. This is less than last month's market action index of 49. Inventory has held steady at or around 54. 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 $1,198,500
Per Square Foot $787
Days on Market 54
Price Decreased 50%
Price Increased 2%
Relisted 19%
Inventory 54
Median House Rent $4,150
Most Expensive $2,398,000
Least Expensive $899,000
Market Action Index
Strong Seller's Market
46

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,595,000 2,306 6,500 - 8,000 sqft 4 3 51 1 4 61
$1,275,000 1,600 6,500 - 8,000 sqft 3 2 58 2 2 54
$1,137,000 1,394 4,500 - 6,500 sqft 3 2 60 0 2 57
$999,000 1,249 4,500 - 6,500 sqft 3 2 63 3 2 44