Mary Pope-Handy's Market Report

San Jose, CA 95124

Single-Family Homes

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



San Jose, CA 95124

Tue May 18 2021
This week the median list price for San Jose, CA 95124 is $1,475,000 with the market action index hovering around 90. This is less than last month's market action index of 92. Inventory has increased to 27. 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

Tue May 18 2021
This week the median list price for San Jose, CA 95124 is $1,475,000 with the market action index hovering around 90. This is less than last month's market action index of 92. Inventory has increased to 27. 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 $1,475,000
Median Price of New Listings $1,599,999
Per Square Foot $909
Average Days on Market 9
Median Days on Market 7
Price Decreased 7%
Price Increased 7%
Relisted 4%
Inventory 27
Median Rent $3,513
Market Action 90
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$1,993,944 2,289 8,000 - 10,000 sqft 4 3 58 5 3 0
$1,599,950 2,030 4,500 - 6,500 sqft 4 2 62 5 1 0
$1,398,000 1,500 4,500 - 6,500 sqft 3 2 62 1 0 14
$1,299,000 1,260 4,500 - 6,500 sqft 3 2 62 2 2 7