Mary Pope-Handy's Market Report
San Jose, CA 95119
Single-Family Homes
Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
San Jose, CA 95119
Mon Mar 01 2021
This week the median list price for San Jose, CA 95119 is $1,231,944 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has held steady at or around 4.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $1,231,944 | |
| Per Square Foot | $661 | |
| Days on Market | 0 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 25% | |
| Inventory | 4 | |
| Median Rent | $2,650 | |
| Most Expensive | $1,350,000 | |
| Least Expensive | $1,125,000 | |
| Market Action | 67 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,350,000 | 2,324 | 4,500 - 6,500 sqft | 4 | 3 | 49 | 0 | 0 | 168 |
| $1,288,888 | 2,181 | 4,500 - 6,500 sqft | 5 | 3 | 51 | 1 | 0 | 0 |
| $1,175,000 | 1,601 | 4,500 - 6,500 sqft | 4 | 2 | 51 | 1 | 0 | 0 |
| $1,125,000 | 1,497 | 0 - 4,500 sqft | 3 | 3 | 25 | 1 | 0 | 0 |