Mary Pope-Handy's Market Report

San Jose, CA 95148

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Jose, CA 95148

Sun Jul 06 2025
This week the median list price for San Jose, CA 95148 is $1,668,944 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has held steady at or around 26. 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 Narrative

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 95148

Sun Jul 06 2025
This week the median list price for San Jose, CA 95148 is $1,668,944 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has held steady at or around 26. 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 Narrative

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 $1,668,944
Median Price of New Listings $1,688,888
Per Square Foot $886
Average Days on Market 54
Median Days on Market 32
Price Decreased 27%
Price Increased 4%
Relisted 8%
Inventory 26
Median Rent
Market Action 48
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift 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
$2,320,000 2,743 6,500 - 8,000 sqft 5 3 27 1 1 56
$1,698,500 1,897 6,500 - 8,000 sqft 4 2.8 45 3 0 14
$1,520,000 1,746 4,500 - 6,500 sqft 4 2.5 33 1 0 21
$1,293,500 1,417 6,500 - 8,000 sqft 3 2.3 42 1 2 38