Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

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



San Jose, CA 95120

Tue Jul 05 2022
This week the median list price for San Jose, CA 95120 is $2,194,500 with the market action index hovering around 65. This is less than last month's market action index of 75. Inventory has increased to 40. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Jose, CA 95120

Tue Jul 05 2022
This week the median list price for San Jose, CA 95120 is $2,194,500 with the market action index hovering around 65. This is less than last month's market action index of 75. Inventory has increased to 40. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $2,194,500
Median Price of New Listings $2,088,800
Per Square Foot $909
Average Days on Market 45
Median Days on Market 21
Price Decreased 35%
Price Increased 0%
Relisted 10%
Inventory 40
Median Rent
Market Action 65
Strong Seller's Market

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
$3,474,500 4,152 0.5 - 1 acre 5 5 17 2 2 35
$2,394,500 2,646 8,000 - 10,000 sqft 5 3 47 0 2 28
$1,999,944 2,258 8,000 - 10,000 sqft 4 3 52 2 0 17
$1,624,499 1,780 4,500 - 6,500 sqft 4 3 48 3 1 21