Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

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



San Jose, CA 95120

Sat Feb 04 2023
This week the median list price for San Jose, CA 95120 is $1,850,000 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has increased to 18. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

San Jose, CA 95120

Sat Feb 04 2023
This week the median list price for San Jose, CA 95120 is $1,850,000 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has increased to 18. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,850,000
Median Price of New Listings $1,799,975
Per Square Foot $811
Average Days on Market 70
Median Days on Market 39
Price Decreased 22%
Price Increased 6%
Relisted 0%
Inventory 18
Median Rent
Market Action 52
Strong Seller's Market

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move 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
$3,475,000 4,036 0.25 - 0.5 acre 5 3.8 27 1 0 24
$2,248,944 2,838 8,000 - 10,000 sqft 4 3 50 0 1 56
$1,800,000 1,870 8,000 - 10,000 sqft 4 2.5 54 4 2 0
$1,690,000 1,940 4,500 - 6,500 sqft 3 2.5 55 1 1 77