Phillip & Stella Ralph

San Jose, CA 95123

Single-Family Homes



San Jose, CA 95123

Sun Jul 05 2020
This week the median list price for San Jose, CA 95123 is $998,000 with the market action index hovering around 47. This is less than last month's market action index of 54. Inventory has held steady at or around 42. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Jose, CA 95123

Sun Jul 05 2020
This week the median list price for San Jose, CA 95123 is $998,000 with the market action index hovering around 47. This is less than last month's market action index of 54. Inventory has held steady at or around 42. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $998,000
Per Square Foot $651
Days on Market 51
Price Decreased 12%
Price Increased 10%
Relisted 5%
Inventory 42
Median Rent $3,575
Most Expensive $2,388,888
Least Expensive $799,800
Market Action 47
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$1,162,500 2,098 6,500 - 8,000 sqft 4 3 52 2 1 60
$1,034,443 1,569 4,500 - 6,500 sqft 3 2 44 0 3 73
$980,000 1,495 4,500 - 6,500 sqft 3 2 52 5 1 46
$938,800 1,369 4,500 - 6,500 sqft 3 2 52 3 2 28