Mary Pope-Handy's Market Report
San Jose, CA 95120
Single-Family Homes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
San Jose, CA 95120
Mon Dec 11 2023
This week the median list price for San Jose, CA 95120 is $2,273,944 with the market action index hovering around 54. This is an increase over last month's market action index of 53. Inventory has decreased to 18.
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 off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $2,273,944 | |
| Median Price of New Listings | $1,850,000 | |
| Per Square Foot | $947 | |
| Average Days on Market | 87 | |
| Median Days on Market | 35 | |
| Price Decreased | 28% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 18 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
The market for this zip code continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,724,500 | 5,155 | 0.5 - 1 acre | 5 | 4.8 | 11 | 0 | 0 | 45 |
| $2,903,500 | 3,398 | 0.25 - 0.5 acre | 4 | 3.5 | 9 | 0 | 0 | 28 |
| $2,190,000 | 2,033 | 8,000 - 10,000 sqft | 4 | 2 | 52 | 0 | 0 | 35 |
| $1,700,000 | 1,899 | 6,500 - 8,000 sqft | 4 | 2 | 47 | 1 | 2 | 77 |