Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95120

Mon Oct 14 2019
This week the median list price for San Jose, CA 95120 is $1,550,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 59. 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.

Slight Seller's Advantage

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

Mon Oct 14 2019
This week the median list price for San Jose, CA 95120 is $1,550,000 with the market action index hovering around 38. This is less than last month's market action index of 40. Inventory has held steady at or around 59. 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.

Slight Seller's Advantage

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 $1,550,000
Per Square Foot $692
Days on Market 70
Price Decreased 54%
Price Increased 2%
Relisted 7%
Inventory 59
Median House Rent $4,225
Most Expensive $5,000,000
Least Expensive $979,000
Market Action Index
Slight Seller's Advantage
38

We continue to see prices in this zip code bouncing around this plateau. 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
$2,435,000 3,779 0.25 - 0.5 acre 4 5 9 1 1 110
$1,698,000 2,578 0.25 - 0.5 acre 4 3 45 0 2 67
$1,488,000 2,097 6,500 - 8,000 sqft 4 3 43 1 4 66
$1,276,000 1,844 6,500 - 8,000 sqft 4 2 54 1 1 37