Mary Pope-Handy's Market Report

San Jose, CA 95123

Single-Family Homes

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



San Jose, CA 95123

Thu Sep 16 2021
This week the median list price for San Jose, CA 95123 is $1,249,900 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has decreased to 19. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

San Jose, CA 95123

Thu Sep 16 2021
This week the median list price for San Jose, CA 95123 is $1,249,900 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has decreased to 19. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,249,900
Median Price of New Listings $1,149,000
Per Square Foot $726
Average Days on Market 42
Median Days on Market 7
Price Decreased 11%
Price Increased 16%
Relisted 16%
Inventory 19
Median Rent $3,700
Market Action 71
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
$1,650,000 2,447 4,500 - 6,500 sqft 4 3 43 1 0 80
$1,379,000 1,804 4,500 - 6,500 sqft 3 3 53 0 3 49
$1,198,000 1,409 4,500 - 6,500 sqft 3 2 56 4 3 0
$999,999 1,207 4,500 - 6,500 sqft 3 2 50 4 3 0