Mary Pope-Handy's Market Report

San Jose, CA 95123

Single-Family Homes

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



San Jose, CA 95123

Sat Mar 02 2024
This week the median list price for San Jose, CA 95123 is $1,498,888 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has decreased to 7. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

San Jose, CA 95123

Sat Mar 02 2024
This week the median list price for San Jose, CA 95123 is $1,498,888 with the market action index hovering around 72. This is less than last month's market action index of 73. Inventory has decreased to 7. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,498,888
Median Price of New Listings $1,474,444
Per Square Foot $969
Average Days on Market 91
Median Days on Market 7
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 72
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
$1,848,950 2,595 0 - 4,500 sqft 5 3 25 0 0 483
$1,549,444 1,923 6,500 - 8,000 sqft 4 3.5 56 0 0 7
$1,498,888 1,367 4,500 - 6,500 sqft 4 2 54 1 0 66
$1,400,000 1,319 4,500 - 6,500 sqft 3 2 55 1 1 3