Mary Pope-Handy's Market Report

San Jose, CA 95118

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog


Current active inventory in San Jose, CA 95118 is very low. Keep this in mind when looking at this report.

San Jose, CA 95118

Wed Oct 04 2023
This week the median list price for San Jose, CA 95118 is $1,399,000 with the market action index hovering around 86. This is an increase over last month's market action index of 84. Inventory has decreased to 3. 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, though the market is still in the Seller’s zone. 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

Wed Oct 04 2023
This week the median list price for San Jose, CA 95118 is $1,399,000 with the market action index hovering around 86. This is an increase over last month's market action index of 84. Inventory has decreased to 3. 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, though the market is still in the Seller’s zone. 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 $1,399,000
Median Price of New Listings $1,200,000
Per Square Foot $988
Average Days on Market 12
Median Days on Market 14
Price Decreased 33%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent
Market Action 86
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, though the market is still in the Seller’s zone. 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.

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
$1,499,000 1,202 6,500 - 8,000 sqft 3 2 64 0 0 14
$1,399,000 1,687 4,500 - 6,500 sqft 4 3 64 0 2 21
$1,200,000 1,214 4,500 - 6,500 sqft 3 2 69 1 1 0