Mary Pope-Handy's Market Report
San Jose, CA 95118
Condos/Townhomes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
San Jose, CA 95118
Fri Apr 19 2024
This week the median list price for San Jose, CA 95118 is $723,500 with the market action index hovering around 73. This is an increase over last month's market action index of 61. Inventory has increased to 2.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $723,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $739 | |
| Average Days on Market | 11 | |
| Median Days on Market | 11 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 2 | |
| Median Rent | ||
| Market Action | 73 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $868,000 | 1,134 | 0 - 4,500 sqft | 2 | 1.5 | 47 | 0 | 1 | 7 |
| $579,000 | 810 | 6,500 - 8,000 sqft | 2 | 1 | 54 | 0 | 1 | 14 |