Mary Pope-Handy's Market Report

San Jose, CA 95124

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95124

Fri May 29 2020
This week the median list price for San Jose, CA 95124 is $1,299,999 with the market action index hovering around 54. This is less than last month's market action index of 61. Inventory has held steady at or around 41. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 95124

Fri May 29 2020
This week the median list price for San Jose, CA 95124 is $1,299,999 with the market action index hovering around 54. This is less than last month's market action index of 61. Inventory has held steady at or around 41. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,299,999
Per Square Foot $755
Days on Market 52
Price Decreased 32%
Price Increased 2%
Relisted 7%
Inventory 41
Median Rent $3,948
Most Expensive $4,798,000
Least Expensive $845,000
Market Action 54
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,752,500 2,309 8,000 - 10,000 sqft 4 3 58 1 1 28
$1,398,944 1,863 4,500 - 6,500 sqft 4 3 59 1 0 87
$1,244,944 1,459 6,500 - 8,000 sqft 3 2 63 3 3 60
$1,045,000 1,328 4,500 - 6,500 sqft 3 2 63 2 0 34