Intero Market Report

San Jose, CA 95120

Single-Family Homes

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San Jose, CA 95120

Sun May 26 2024
This week the median list price for San Jose, CA 95120 is $2,399,000 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 35. 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 has started cooling and prices have been flat for several weeks. 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.

San Jose, CA 95120

Sun May 26 2024
This week the median list price for San Jose, CA 95120 is $2,399,000 with the market action index hovering around 66. This is less than last month's market action index of 69. Inventory has increased to 35. 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 has started cooling and prices have been flat for several weeks. 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

Never miss important changes in the San Jose market.
Median List Price $2,399,000
Median Price of New Listings $2,300,000
Per Square Foot $975
Average Days on Market 63
Median Days on Market 7
Price Decreased 29%
Price Increased 6%
Relisted 6%
Inventory 35
Median Rent
Market Action 66
Strong Seller's Market

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$3,737,500 4,186 0.5 - 1 acre 4 4 43 1 1 31
$2,499,000 2,368 0.25 - 0.5 acre 4 3 57 3 0 7
$2,299,950 2,099 8,000 - 10,000 sqft 4 3 52 3 2 7
$1,899,000 1,796 6,500 - 8,000 sqft 4 2 53 4 3 7