Mary Pope-Handy's Market Report
San Jose, CA 95120
Single-Family Homes
Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
San Jose, CA 95120
Wed Jan 20 2021
This week the median list price for San Jose, CA 95120 is $1,843,194 with the market action index hovering around 84. This is less than last month's market action index of 91. Inventory has held steady at or around 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,843,194 | |
| Per Square Foot | $640 | |
| Days on Market | 131 | |
| Price Decreased | 17% | |
| Price Increased | 0% | |
| Relisted | 33% | |
| Inventory | 6 | |
| Median Rent | $4,648 | |
| Most Expensive | $2,850,000 | |
| Least Expensive | $1,299,915 | |
| Market Action | 84 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $2,850,000 | 5,167 | 1 - 2.5 acres | 4 | 3 | 49 | 0 | 0 | 63 |
| $2,100,000 | 3,430 | 0.25 - 0.5 acre | 4 | 4 | 37 | 0 | 1 | 7 |
| $1,843,194 | 2,779 | 6,500 - 8,000 sqft | 4 | 3 | 53 | 0 | 0 | 87 |
| $1,424,932 | 2,091 | 8,000 - 10,000 sqft | 3 | 2 | 63 | 2 | 1 | 269 |