Mary Pope-Handy's Market Report

San Jose, CA

Single-Family Homes

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



San Jose, CA

Wed Feb 21 2024
This week the median list price for San Jose, CA is $1,524,444 with the market action index hovering around 65. This is an increase over last month's market action index of 60. Inventory has decreased to 172. 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

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.

San Jose, CA

Wed Feb 21 2024
This week the median list price for San Jose, CA is $1,524,444 with the market action index hovering around 65. This is an increase over last month's market action index of 60. Inventory has decreased to 172. 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

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

Never miss important changes in the San Jose market.
Median List Price $1,524,444
Median Price of New Listings $1,498,500
Per Square Foot $920
Average Days on Market 77
Median Days on Market 7
Price Decreased 11%
Price Increased 3%
Relisted 9%
Inventory 172
Median Rent
Market Action 65
Strong Seller's Market

The market is 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
$2,890,000 3,070 8,000 - 10,000 sqft 4 3 46 10 13 21
$1,788,000 1,899 6,500 - 8,000 sqft 4 2 61 15 16 7
$1,388,750 1,788 4,500 - 6,500 sqft 3 2 57 13 14 7
$999,000 1,151 4,500 - 6,500 sqft 3 2 66 18 18 14