Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

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



San Jose, CA 95120

Sat Mar 02 2024
This week the median list price for San Jose, CA 95120 is $2,044,499 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has decreased to 18. 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 95120

Sat Mar 02 2024
This week the median list price for San Jose, CA 95120 is $2,044,499 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has decreased to 18. 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 $2,044,499
Median Price of New Listings $2,044,499
Per Square Foot $963
Average Days on Market 102
Median Days on Market 11
Price Decreased 6%
Price Increased 0%
Relisted 11%
Inventory 18
Median Rent
Market Action 57
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
$4,274,500 4,665 2.5 - 5 acres 5 4.3 33 0 0 70
$2,375,000 2,284 0.25 - 0.5 acre 3 2.8 47 2 1 56
$1,999,888 2,024 8,000 - 10,000 sqft 4 2.5 51 3 1 0
$1,695,000 1,783 6,500 - 8,000 sqft 4 2 45 1 2 91