Mary Pope-Handy's Market Report

San Jose, CA 95118

Condos/Townhomes

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San Jose, CA 95118

Sun Aug 01 2021
This week the median list price for San Jose, CA 95118 is $521,500 with the market action index hovering around 72. This is less than last month's market action index of 82. Inventory has held steady at or around 6. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

San Jose, CA 95118

Sun Aug 01 2021
This week the median list price for San Jose, CA 95118 is $521,500 with the market action index hovering around 72. This is less than last month's market action index of 82. Inventory has held steady at or around 6. 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 been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $521,500
Median Price of New Listings $672,500
Per Square Foot $643
Average Days on Market 15
Median Days on Market 7
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent $2,248
Market Action 72
Strong Seller's Market

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$950,000 1,318 0 - 4,500 sqft 3 2 44 1 2 0
$598,000 864 0 - 4,500 sqft 2 1 42 0 1 21
$521,500 810 0 - 4,500 sqft 2 1 51 0 0 7
$446,944 798 0 - 4,500 sqft 2 1 51 1 1 28