Mary Pope-Handy's Market Report

San Jose, CA 95124

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95124

Sat Jul 11 2020
This week the median list price for San Jose, CA 95124 is $1,300,000 with the market action index hovering around 60. This is an increase over last month's market action index of 55. Inventory has held steady at or around 31. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

San Jose, CA 95124

Sat Jul 11 2020
This week the median list price for San Jose, CA 95124 is $1,300,000 with the market action index hovering around 60. This is an increase over last month's market action index of 55. Inventory has held steady at or around 31. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,300,000
Per Square Foot $793
Days on Market 54
Price Decreased 23%
Price Increased 3%
Relisted 6%
Inventory 31
Median Rent $3,625
Most Expensive $4,599,000
Least Expensive $899,000
Market Action 60
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
$1,850,000 2,483 0.25 - 0.5 acre 5 4 59 2 1 37
$1,498,500 1,940 6,500 - 8,000 sqft 4 2 63 1 2 98
$1,262,500 1,777 4,500 - 6,500 sqft 3 2 61 0 4 67
$1,094,000 1,212 4,500 - 6,500 sqft 3 2 61 4 5 11