Intero Market Report

San Jose, CA

Single-Family Homes

Intero Real Estate| 408.342.3000 | www.intero.com



San Jose, CA

Sat Aug 13 2022
This week the median list price for San Jose, CA is $1,499,950 with the market action index hovering around 57. This is less than last month's market action index of 63. Inventory has increased to 599. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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

Sat Aug 13 2022
This week the median list price for San Jose, CA is $1,499,950 with the market action index hovering around 57. This is less than last month's market action index of 63. Inventory has increased to 599. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $1,499,950
Median Price of New Listings $1,498,000
Per Square Foot $885
Average Days on Market 37
Median Days on Market 28
Price Decreased 43%
Price Increased 4%
Relisted 9%
Inventory 599
Median Rent
Market Action 57
Strong Seller's Market

The market appears to be hovering around this plateau. Look for a persistent change 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
$2,498,998 2,566 8,000 - 10,000 sqft 4 3 47 15 15 35
$1,699,000 1,905 6,500 - 8,000 sqft 4 3 54 34 30 28
$1,395,000 1,647 4,500 - 6,500 sqft 3 2 53 23 28 28
$1,050,000 1,232 4,500 - 6,500 sqft 3 2 62 31 35 21