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. 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 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.

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. 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 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

Never miss important changes in the San Jose market.
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