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

Tue May 28 2024
This week the median list price for San Jose, CA 95120 is $2,400,000 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has decreased to 31. 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

Tue May 28 2024
This week the median list price for San Jose, CA 95120 is $2,400,000 with the market action index hovering around 69. This is less than last month's market action index of 70. Inventory has decreased to 31. 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 $2,400,000
Median Price of New Listings $2,397,497
Per Square Foot $1,003
Average Days on Market 81
Median Days on Market 14
Price Decreased 26%
Price Increased 6%
Relisted 13%
Inventory 31
Median Rent
Market Action 69
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.

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
$3,998,000 4,261 1 - 2.5 acres 5 4 34 1 1 42
$2,698,900 2,703 0.25 - 0.5 acre 4 3 45 3 3 7
$2,299,972 2,156 8,000 - 10,000 sqft 4 3 55 2 5 17
$1,843,444 1,848 6,500 - 8,000 sqft 3 2 51 2 3 10