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

Sun Jul 14 2024
This week the median list price for San Jose, CA is $1,690,000 with the market action index hovering around 73. This is less than last month's market action index of 76. Inventory has increased to 423. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sun Jul 14 2024
This week the median list price for San Jose, CA is $1,690,000 with the market action index hovering around 73. This is less than last month's market action index of 76. Inventory has increased to 423. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,690,000
Median Price of New Listings $1,649,888
Per Square Foot $931
Average Days on Market 54
Median Days on Market 14
Price Decreased 19%
Price Increased 6%
Relisted 6%
Inventory 423
Median Rent
Market Action 73
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,725,000 2,700 8,000 - 10,000 sqft 4 3 54 11 16 21
$1,831,975 1,866 4,500 - 6,500 sqft 4 3 53 30 22 21
$1,499,000 1,731 4,500 - 6,500 sqft 4 2 55 24 24 14
$1,150,000 1,307 4,500 - 6,500 sqft 3 2 63 20 29 14