Mary Pope-Handy's Market Report
San Jose, CA 95119
Condos/Townhomes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
San Jose, CA 95119
Wed Apr 24 2024
This week the median list price for San Jose, CA 95119 is $999,900 with the market action index hovering around 51. This is about the same as last month's market action index of 51. 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
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $999,900 | |
| Median Price of New Listings | $849,000 | |
| Per Square Foot | $668 | |
| Average Days on Market | 23 | |
| Median Days on Market | 28 | |
| Price Decreased | 0% | |
| Price Increased | 50% | |
| Relisted | 0% | |
| Inventory | 4 | |
| Median Rent | ||
| Market Action | 51 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code at a plateau even though prices dipped this week. Look for a persistent change in the Market Action Index (up or down) before we see prices significantly 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 |
|---|---|---|---|---|---|---|---|---|
| $1,050,000 | 1,563 | - | 3 | 3 | 4 | 0 | 0 | 21 |
| $999,900 | 1,502 | - | 2 | 3 | 1 | 0 | 0 | 35 |
| $999,900 | 1,355 | - | 2 | 2.5 | 1 | 0 | 0 | 35 |
| $849,000 | 1,318 | 0 - 4,500 sqft | 3 | 3 | 28 | 1 | 0 | 0 |