Intero's Market Report

San Jose, CA

Single-Family Homes



San Jose, CA

Wed May 22 2024
This week the median list price for San Jose, CA is $1,696,500 with the market action index hovering around 81. This is less than last month's market action index of 84. Inventory has increased to 330. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

San Jose, CA

Wed May 22 2024
This week the median list price for San Jose, CA is $1,696,500 with the market action index hovering around 81. This is less than last month's market action index of 84. Inventory has increased to 330. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,696,500
Median Price of New Listings $1,599,000
Per Square Foot $941
Average Days on Market 51
Median Days on Market 7
Price Decreased 15%
Price Increased 3%
Relisted 4%
Inventory 330
Median Rent
Market Action 81
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$2,893,944 2,859 8,000 - 10,000 sqft 4 3 55 25 15 14
$1,899,000 1,982 6,500 - 8,000 sqft 4 3 59 26 22 14
$1,500,000 1,543 4,500 - 6,500 sqft 3 2 54 37 27 7
$1,100,000 1,260 4,500 - 6,500 sqft 3 2 63 28 24 14