Mary Pope-Handy's Market Report
San Jose, CA 95120
Condos/Townhomes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
San Jose, CA 95120
Thu Apr 25 2024
This week the median list price for San Jose, CA 95120 is $1,590,000 with the market action index hovering around 36. This is an increase over last month's market action index of 30. Inventory has held steady at or around 5.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $1,590,000 | |
| Median Price of New Listings | $1,375,000 | |
| Per Square Foot | $760 | |
| Average Days on Market | 7 | |
| Median Days on Market | 0 | |
| Price Decreased | 20% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 36 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $1,999,888 | 3,253 | 4,500 - 6,500 sqft | NaN | 0 | 45 | 0 | 0 | 14 |
| $1,925,000 | 2,532 | 0 - 4,500 sqft | 4 | 3 | 27 | 1 | 0 | 0 |
| $1,590,000 | 1,835 | 0 - 4,500 sqft | 3 | 2.5 | 27 | 0 | 0 | 21 |
| $1,337,000 | 2,245 | 0 - 4,500 sqft | 3 | 2.3 | 46 | 2 | 0 | 0 |