Mary Pope-Handy's Market Report

San Jose, CA 95138

Condos/Townhomes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog


Current active inventory in San Jose, CA 95138 is very low. Keep this in mind when looking at this report.

San Jose, CA 95138

Sat Apr 20 2024
This week the median list price for San Jose, CA 95138 is $900,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has decreased to 1. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

San Jose, CA 95138

Sat Apr 20 2024
This week the median list price for San Jose, CA 95138 is $900,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has decreased to 1. 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.

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $900,000
Median Price of New Listings $900,000
Per Square Foot $697
Average Days on Market 0
Median Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 1
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
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$900,000 1,291 0 - 4,500 sqft 2 2.5 25 1 0 0