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

Fri Apr 12 2024
This week the median list price for San Jose, CA is $1,599,900 with the market action index hovering around 74. This is an increase over last month's market action index of 72. Inventory has increased to 273. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

San Jose, CA

Fri Apr 12 2024
This week the median list price for San Jose, CA is $1,599,900 with the market action index hovering around 74. This is an increase over last month's market action index of 72. Inventory has increased to 273. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,599,900
Median Price of New Listings $1,685,444
Per Square Foot $905
Average Days on Market 56
Median Days on Market 14
Price Decreased 9%
Price Increased 4%
Relisted 5%
Inventory 273
Median Rent
Market Action 74
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
$2,893,500 2,794 8,000 - 10,000 sqft 4 3 46 16 9 14
$1,791,500 2,008 6,500 - 8,000 sqft 4 2.5 56 25 11 7
$1,488,000 1,633 4,500 - 6,500 sqft 3 2 51 19 13 7
$1,099,999 1,324 4,500 - 6,500 sqft 3 2 65 14 11 14