Mary Pope-Handy's Market Report

San Jose, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Jose, CA

Mon Jan 24 2022
This week the median list price for San Jose, CA is $1,399,000 with the market action index hovering around 86. This is less than last month's market action index of 90. Inventory has decreased to 151. 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

Mon Jan 24 2022
This week the median list price for San Jose, CA is $1,399,000 with the market action index hovering around 86. This is less than last month's market action index of 90. Inventory has decreased to 151. 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 $1,399,000
Median Price of New Listings $1,411,166
Per Square Foot $864
Average Days on Market 106
Median Days on Market 7
Price Decreased 4%
Price Increased 5%
Relisted 6%
Inventory 151
Median Rent $3,495
Market Action 86
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
$2,250,000 2,488 8,000 - 10,000 sqft 4 3 55 14 12 63
$1,557,500 1,974 4,500 - 6,500 sqft 4 2 53 20 16 0
$1,294,000 1,469 4,500 - 6,500 sqft 3 2 60 22 14 0
$988,000 1,189 4,500 - 6,500 sqft 3 2 63 12 9 80