Mon Oct 03 2022
This week the median list price for San Jose, CA 95120 is $2,497,500 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has decreased to 36.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,497,500|
|Median Price of New Listings||$2,600,000|
|Per Square Foot||$877|
|Average Days on Market||62|
|Median Days on Market||28|
|Strong Seller's Market|
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,648,500||5,165||2.5 - 5 acres||5||5||21||0||0||98|
|$2,848,000||3,697||0.25 - 0.5 acre||5||4||43||4||2||14|
|$2,200,000||2,466||8,000 - 10,000 sqft||4||3||47||2||3||49|
|$1,850,000||1,899||4,500 - 6,500 sqft||4||3||56||1||3||14|