Mary Pope-Handy's Market Report

San Jose, CA 95124

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Jose, CA 95124

Sat Nov 27 2021
This week the median list price for San Jose, CA 95124 is $1,499,888 with the market action index hovering around 88. This is about the same as last month's market action index of 88. Inventory has increased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

San Jose, CA 95124

Sat Nov 27 2021
This week the median list price for San Jose, CA 95124 is $1,499,888 with the market action index hovering around 88. This is about the same as last month's market action index of 88. Inventory has increased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,499,888
Median Price of New Listings $1,499,888
Per Square Foot $979
Average Days on Market 56
Median Days on Market 7
Price Decreased 10%
Price Increased 5%
Relisted 5%
Inventory 21
Median Rent $3,750
Market Action 88
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices 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
$1,998,000 2,347 6,500 - 8,000 sqft 4 3 57 2 0 35
$1,599,888 1,569 6,500 - 8,000 sqft 3 2 58 3 2 0
$1,499,000 1,374 4,500 - 6,500 sqft 3 2 64 3 2 0
$1,327,500 1,358 4,500 - 6,500 sqft 3 2 62 3 1 45