Your Real Estate Market Update
San Jose, CA 95122
Single-Family Homes
The Most Powerful Market Insights from Arcus Homes
San Jose, CA 95122
Fri May 03 2024
This week the median list price for San Jose, CA 95122 is $1,143,500 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has increased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $1,143,500 | |
| Median Price of New Listings | $899,000 | |
| Per Square Foot | $709 | |
| Average Days on Market | 167 | |
| Median Days on Market | 98 | |
| Price Decreased | 14% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 50 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,368,888 | 2,009 | 0 - 4,500 sqft | 3 | 2.5 | 1 | 0 | 0 | 252 |
| $1,298,888 | 2,085 | 0 - 4,500 sqft | 3 | 2.5 | 1 | 0 | 0 | 252 |
| $1,043,500 | 1,445 | 4,500 - 6,500 sqft | 4 | 2 | 55 | 1 | 2 | 210 |
| $899,000 | 1,198 | 4,500 - 6,500 sqft | 3 | 1.5 | 65 | 2 | 2 | 3 |