Mary Pope-Handy's Market Report

San Martin, CA

Single-Family Homes

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


San Martin, CA

Sun May 11 2025
This week the median list price for San Martin, CA is $1,839,999 with the market action index hovering around 33. This is less than last month's market action index of 40. Inventory has increased to 6. Click here to stay informed with the San Martin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

San Martin, CA

Sun May 11 2025
This week the median list price for San Martin, CA is $1,839,999 with the market action index hovering around 33. This is less than last month's market action index of 40. Inventory has increased to 6. Click here to stay informed with the San Martin market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the San Martin market.
Median List Price $1,839,999
Median Price of New Listings $0
Per Square Foot $877
Average Days on Market 81
Median Days on Market 25
Price Decreased 17%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
Market Action 33
Slight Seller's Advantage

This is a market where watching the value metrics (like price per square foot) can provide insight that you don’t get at first glance. Despite the fact that home prices are rising fairly consistently, the price per square foot of homes listed is declining. Often this can be attributed to new and remodeled homes on the market. Buyers in the area are paying more but also getting more for their money.

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
$3,148,888 4,452 0.5 - 1 acre 3 3.5 0 0 0 21
$2,999,998 5,589 1 - 2.5 acres 5 5 24 0 0 28
$1,839,999 1,892 2.5 - 5 acres 3 2.5 62 0 0 108
$1,399,500 1,202 1 - 2.5 acres 3 2 96 0 0 108