Mary Pope-Handy's Market Report

San Jose, CA 95136

Condos/Townhomes

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



San Jose, CA 95136

Thu Jan 28 2021
This week the median list price for San Jose, CA 95136 is $774,000 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has held steady at or around 16. 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. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

San Jose, CA 95136

Thu Jan 28 2021
This week the median list price for San Jose, CA 95136 is $774,000 with the market action index hovering around 71. This is an increase over last month's market action index of 69. Inventory has held steady at or around 16. 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. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $774,000
Per Square Foot $604
Days on Market 25
Price Decreased 31%
Price Increased 0%
Relisted 19%
Inventory 16
Median Rent $2,693
Most Expensive $1,000,000
Least Expensive $540,000
Market Action 71
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$933,143 1,539 0 - 4,500 sqft 2 2 2 2 0 26
$823,499 1,183 0 - 4,500 sqft 2 2 1 2 2 22
$733,000 1,357 0 - 4,500 sqft 2 3 36 1 1 21
$664,000 1,116 0 - 4,500 sqft 2 2 44 1 1 29