Mary Pope-Handy's Market Report

San Jose, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA

Wed Aug 12 2020
This week the median list price for San Jose, CA is $1,269,000 with the market action index hovering around 54. This is an increase over last month's market action index of 49. Inventory has held steady at or around 494. 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

Wed Aug 12 2020
This week the median list price for San Jose, CA is $1,269,000 with the market action index hovering around 54. This is an increase over last month's market action index of 49. Inventory has held steady at or around 494. 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 $1,269,000
Per Square Foot $692
Days on Market 66
Price Decreased 28%
Price Increased 4%
Relisted 6%
Inventory 494
Median Rent $3,600
Most Expensive $12,500,000
Least Expensive $275,000
Market Action 54
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
$2,150,000 3,034 8,000 - 10,000 sqft 4 4 43 22 24 78
$1,399,000 1,910 6,500 - 8,000 sqft 4 3 58 18 31 69
$1,149,000 1,643 4,500 - 6,500 sqft 4 2 51 30 36 47
$880,000 1,330 4,500 - 6,500 sqft 3 2 55 27 36 67