Mary Pope-Handy's Market Report

San Jose, CA 95118

Condos/Townhomes

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



San Jose, CA 95118

Fri Oct 15 2021
This week the median list price for San Jose, CA 95118 is $694,000 with the market action index hovering around 65. This is less than last month's market action index of 73. Inventory has increased to 10. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

San Jose, CA 95118

Fri Oct 15 2021
This week the median list price for San Jose, CA 95118 is $694,000 with the market action index hovering around 65. This is less than last month's market action index of 73. Inventory has increased to 10. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $694,000
Median Price of New Listings $829,000
Per Square Foot $680
Average Days on Market 17
Median Days on Market 14
Price Decreased 10%
Price Increased 10%
Relisted 10%
Inventory 10
Median Rent $2,250
Market Action 65
Strong Seller's Market

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

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
$893,000 1,467 0 - 4,500 sqft 2 2 36 1 0 10
$809,000 1,181 0 - 4,500 sqft 2 3 25 1 1 3
$688,000 984 0 - 4,500 sqft 2 2 34 1 0 21
$528,000 798 0 - 4,500 sqft 2 1 51 0 1 21