Wed Jun 16 2021
This week the median list price for San Jose, CA 95124 is $1,499,000 with the market action index hovering around 94. This is about the same as last month's market action index of 94. Inventory has decreased to 21.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,499,000|
|Median Price of New Listings||$1,498,000|
|Per Square Foot||$881|
|Average Days on Market||13|
|Median Days on Market||7|
|Strong Seller's Market|
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$1,988,000||2,466||6,500 - 8,000 sqft||4||3||56||1||1||7|
|$1,688,888||2,030||6,500 - 8,000 sqft||3||2||62||2||2||7|
|$1,475,000||1,704||6,500 - 8,000 sqft||3||2||64||2||4||7|
|$1,297,000||1,174||4,500 - 6,500 sqft||3||2||61||4||4||0|