Mary Pope-Handy's Market Report

San Jose, CA 95120

Single-Family Homes

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



San Jose, CA 95120

Wed Jan 20 2021
This week the median list price for San Jose, CA 95120 is $1,843,194 with the market action index hovering around 84. This is less than last month's market action index of 91. Inventory has held steady at or around 6. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

San Jose, CA 95120

Wed Jan 20 2021
This week the median list price for San Jose, CA 95120 is $1,843,194 with the market action index hovering around 84. This is less than last month's market action index of 91. Inventory has held steady at or around 6. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,843,194
Per Square Foot $640
Days on Market 131
Price Decreased 17%
Price Increased 0%
Relisted 33%
Inventory 6
Median Rent $4,648
Most Expensive $2,850,000
Least Expensive $1,299,915
Market Action 84
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$2,850,000 5,167 1 - 2.5 acres 4 3 49 0 0 63
$2,100,000 3,430 0.25 - 0.5 acre 4 4 37 0 1 7
$1,843,194 2,779 6,500 - 8,000 sqft 4 3 53 0 0 87
$1,424,932 2,091 8,000 - 10,000 sqft 3 2 63 2 1 269