Mary Pope-Handy's Market Report

San Jose, CA 95124

Condos/Townhomes

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San Jose, CA 95124

Sun Aug 01 2021
This week the median list price for San Jose, CA 95124 is $620,000 with the market action index hovering around 69. This is less than last month's market action index of 81. Inventory has increased to 9. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

San Jose, CA 95124

Sun Aug 01 2021
This week the median list price for San Jose, CA 95124 is $620,000 with the market action index hovering around 69. This is less than last month's market action index of 81. Inventory has increased to 9. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $620,000
Median Price of New Listings $619,444
Per Square Foot $689
Average Days on Market 11
Median Days on Market 7
Price Decreased 11%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent $2,300
Market Action 69
Strong Seller's Market

Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.

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
$1,070,000 1,956 0 - 4,500 sqft 2 3 29 0 0 17
$661,500 1,002 0 - 4,500 sqft 2 1 46 1 1 3
$619,444 895 0 - 4,500 sqft 2 1 46 2 1 0
$615,000 810 0 - 4,500 sqft 2 1 48 1 0 14