Phillip & Stella Ralph

San Jose, CA 95124

Single-Family Homes



San Jose, CA 95124

Wed Oct 24 2018
This week the median list price for San Jose, CA 95124 is $1,350,000 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has held steady at or around 47. 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 95124

Wed Oct 24 2018
This week the median list price for San Jose, CA 95124 is $1,350,000 with the market action index hovering around 63. This is less than last month's market action index of 65. Inventory has held steady at or around 47. 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 $1,350,000
Per Square Foot $805
Days on Market 41
Price Decreased 40%
Price Increased 2%
Relisted 13%
Inventory 47
Median House Rent
Most Expensive $3,900,000
Least Expensive $599,888
Market Action Index
Strong Seller's Market
63

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
$1,750,000 2,464 0.25 - 0.5 acre 4 3 56 1 0 26
$1,462,500 1,804 4,500 - 6,500 sqft 3 2 58 0 1 60
$1,287,500 1,511 4,500 - 6,500 sqft 3 2 59 1 3 33
$1,064,999 1,197 4,500 - 6,500 sqft 3 2 60 3 3 45