Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

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



San Jose, CA 95120

Wed Jun 07 2023
This week the median list price for San Jose, CA 95120 is $2,700,000 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has decreased to 19. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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

Wed Jun 07 2023
This week the median list price for San Jose, CA 95120 is $2,700,000 with the market action index hovering around 76. This is an increase over last month's market action index of 75. Inventory has decreased to 19. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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 $2,700,000
Median Price of New Listings $2,100,000
Per Square Foot $859
Average Days on Market 69
Median Days on Market 35
Price Decreased 16%
Price Increased 5%
Relisted 0%
Inventory 19
Median Rent
Market Action 76
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$4,139,500 5,102 1 - 2.5 acres 5 4.3 33 0 0 84
$2,990,000 3,701 0.25 - 0.5 acre 5 3.5 39 1 2 28
$2,300,000 2,368 0.25 - 0.5 acre 4 2.5 55 1 3 21
$1,550,000 1,899 6,500 - 8,000 sqft 4 2.5 51 1 4 14