Mary Pope-Handy's Market Report

San Jose, CA 95119

Single-Family Homes

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



San Jose, CA 95119

Sun Jul 14 2024
This week the median list price for San Jose, CA 95119 is $1,649,950 with the market action index hovering around 78. This is less than last month's market action index of 81. Inventory has held steady at or around 7. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

San Jose, CA 95119

Sun Jul 14 2024
This week the median list price for San Jose, CA 95119 is $1,649,950 with the market action index hovering around 78. This is less than last month's market action index of 81. Inventory has held steady at or around 7. 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 appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,649,950
Median Price of New Listings $1,492,444
Per Square Foot $835
Average Days on Market 18
Median Days on Market 14
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent
Market Action 78
Strong Seller's Market

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$1,850,000 2,124 6,500 - 8,000 sqft 4 3 52 0 0 49
$1,714,500 1,939 4,500 - 6,500 sqft 4 2.5 51 0 0 17
$1,574,919 2,287 6,500 - 8,000 sqft 4 2.5 52 1 0 14
$1,405,000 1,881 4,500 - 6,500 sqft 4 3 54 1 0 7