Mary Pope-Handy's Market Report

San Jose, CA 95124

Single-Family Homes

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



San Jose, CA 95124

Wed Jan 20 2021
This week the median list price for San Jose, CA 95124 is $1,399,000 with the market action index hovering around 81. This is less than last month's market action index of 83. Inventory has held steady at or around 8. 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 started cooling and prices have been flat for several weeks. Since 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

Wed Jan 20 2021
This week the median list price for San Jose, CA 95124 is $1,399,000 with the market action index hovering around 81. This is less than last month's market action index of 83. Inventory has held steady at or around 8. 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 started cooling and prices have been flat for several weeks. Since 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 $1,399,000
Per Square Foot $738
Days on Market 222
Price Decreased 13%
Price Increased 0%
Relisted 25%
Inventory 8
Median Rent $4,200
Most Expensive $2,298,888
Least Expensive $1,275,000
Market Action 81
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
$1,884,444 2,703 6,500 - 8,000 sqft 4 4 18 1 1 252
$1,424,000 1,703 6,500 - 8,000 sqft 3 2 62 1 0 56
$1,388,388 1,562 4,500 - 6,500 sqft 3 2 53 1 2 3
$1,312,500 2,027 6,500 - 8,000 sqft 4 2 59 0 2 577