Mary Pope-Handy's Market Report
San Jose, CA 95148
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
San Jose, CA 95148
Fri Feb 28 2020
This week the median list price for San Jose, CA 95148 is $1,400,000 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has held steady at or around 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,400,000 | |
| Per Square Foot | $552 | |
| Days on Market | 70 | |
| Price Decreased | 6% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 18 | |
| Median Rent | $3,500 | |
| Most Expensive | $5,350,000 | |
| Least Expensive | $924,900 | |
| Market Action | 46 | |
| Strong Seller's Market | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $2,447,000 | 4,338 | 0.25 - 0.5 acre | 5 | 5 | 1 | 0 | 0 | 140 |
| $2,150,000 | 4,059 | 8,000 - 10,000 sqft | 5 | 5 | 1 | 0 | 1 | 117 |
| $1,300,000 | 2,533 | 8,000 - 10,000 sqft | 4 | 3 | 39 | 1 | 2 | 7 |
| $999,000 | 1,487 | 4,500 - 6,500 sqft | 4 | 2 | 50 | 2 | 3 | 40 |