Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Jose, CA 95120

Sat Nov 27 2021
This week the median list price for San Jose, CA 95120 is $1,899,000 with the market action index hovering around 84. This is about the same as last month's market action index of 84. Inventory has decreased to 9. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

San Jose, CA 95120

Sat Nov 27 2021
This week the median list price for San Jose, CA 95120 is $1,899,000 with the market action index hovering around 84. This is about the same as last month's market action index of 84. Inventory has decreased to 9. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,899,000
Median Price of New Listings $1,847,000
Per Square Foot $876
Average Days on Market 54
Median Days on Market 21
Price Decreased 22%
Price Increased 22%
Relisted 22%
Inventory 9
Median Rent $4,745
Market Action 84
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$5,575,000 6,047 2.5 - 5 acres 5 6 9 1 0 31
$3,522,000 3,808 2.5 - 5 acres 5 4 49 0 0 24
$1,898,500 2,286 8,000 - 10,000 sqft 4 3 51 1 1 84
$1,495,000 1,661 0.25 - 0.5 acre 4 2 69 2 1 21