Mary Pope-Handy's Market Report

San Jose, CA 95119

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Jose, CA 95119

Sat Jul 31 2021
This week the median list price for San Jose, CA 95119 is $1,259,000 with the market action index hovering around 81. This is less than last month's market action index of 86. Inventory has decreased to 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

The market has started cooling and prices have been flat for several weeks. Since 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 95119

Sat Jul 31 2021
This week the median list price for San Jose, CA 95119 is $1,259,000 with the market action index hovering around 81. This is less than last month's market action index of 86. Inventory has decreased to 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

The market has started cooling and prices have been flat for several weeks. Since 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 $1,259,000
Median Price of New Listings $1,174,500
Per Square Foot $704
Average Days on Market 5
Median Days on Market 0
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $3,575
Market Action 81
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
$1,500,000 2,337 4,500 - 6,500 sqft 4 3 55 0 0 7
$1,399,500 2,115 6,500 - 8,000 sqft 4 3 48 1 0 7
$1,179,500 1,709 4,500 - 6,500 sqft 4 2 46 1 0 7
$1,044,944 1,007 4,500 - 6,500 sqft 3 1 51 2 1 0