Theresa's Real Estate Market Report

San Jose, CA 95118

Single-Family Homes

Theresa Wellman | 408.839.4196, voice or text | https://www.HomeownerExperience.com/



San Jose, CA 95118

Sun Dec 10 2023
This week the median list price for San Jose, CA 95118 is $1,649,000 with the market action index hovering around 86. This is an increase over last month's market action index of 83. Inventory has decreased to 6. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

San Jose, CA 95118

Sun Dec 10 2023
This week the median list price for San Jose, CA 95118 is $1,649,000 with the market action index hovering around 86. This is an increase over last month's market action index of 83. Inventory has decreased to 6. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,649,000
Median Price of New Listings $1,617,500
Per Square Foot $1,037
Average Days on Market 27
Median Days on Market 7
Price Decreased 33%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
Market Action 86
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,850,000 1,780 4,500 - 6,500 sqft 4 2 48 1 0 28
$1,798,000 1,734 6,500 - 8,000 sqft 4 3 60 0 1 7
$1,649,000 1,747 4,500 - 6,500 sqft 4 2.3 58 0 0 59
$1,431,500 1,221 4,500 - 6,500 sqft 3 1.8 64 1 1 3