Intero Market Report
San Jose, CA 95120
Single-Family Homes
Intero Real Estate| 408.342.3000 | www.intero.com
San Jose, CA 95120
Tue Jan 14 2025
This week the median list price for San Jose, CA 95120 is $2,197,000 with the market action index hovering around 59. This is less than last month's market action index of 65. Inventory has decreased to 11.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $2,197,000 | |
| Median Price of New Listings | $2,048,500 | |
| Per Square Foot | $1,011 | |
| Average Days on Market | 255 | |
| Median Days on Market | 56 | |
| Price Decreased | 18% | |
| Price Increased | 9% | |
| Relisted | 9% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $3,768,944 | 3,200 | 0.25 - 0.5 acre | 4 | 3.3 | 1 | 0 | 0 | 87 |
| $3,250,000 | 3,253 | 0.25 - 0.5 acre | 4 | 3 | NaN | 0 | 0 | 329 |
| $1,900,000 | 2,220 | 8,000 - 10,000 sqft | 4 | 3 | NaN | 2 | 1 | 0 |
| $1,695,000 | 1,762 | 4,500 - 6,500 sqft | 3 | 2 | NaN | 0 | 0 | 511 |