Fidelity National Title Market Update

San Jose, CA 95112

Condos/Townhomes

Teri Larkin | (408) 313-7006 | http://www.tlarkinfnt.com



San Jose, CA 95112

Fri Jun 21 2024
This week the median list price for San Jose, CA 95112 is $679,999 with the market action index hovering around 43. This is less than last month's market action index of 51. Inventory has increased to 19. 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.

Slight Seller's Advantage

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 95112

Fri Jun 21 2024
This week the median list price for San Jose, CA 95112 is $679,999 with the market action index hovering around 43. This is less than last month's market action index of 51. Inventory has increased to 19. 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.

Slight Seller's Advantage

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 $679,999
Median Price of New Listings $795,000
Per Square Foot $627
Average Days on Market 52
Median Days on Market 21
Price Decreased 42%
Price Increased 11%
Relisted 5%
Inventory 19
Median Rent
Market Action 43
Slight Seller's Advantage

Prices in this zip are remaining at a plateau, albeit significantly below the market’s peak. This week prices bumped down a bit, but not enough to indicate a resumed downward trend. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$864,500 1,471 0 - 4,500 sqft 2 2 26 0 1 42
$798,000 1,218 0 - 4,500 sqft 2 2 20 4 0 0
$675,000 1,178 0 - 4,500 sqft 2 2 19 0 0 77
$469,000 667 0 - 4,500 sqft 1 1 21 1 0 14