Mary Pope-Handy's Market Report

San Jose, CA 95118

Single-Family Homes

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



San Jose, CA 95118

Fri Sep 30 2022
This week the median list price for San Jose, CA 95118 is $1,599,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has decreased to 18. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 95118

Fri Sep 30 2022
This week the median list price for San Jose, CA 95118 is $1,599,000 with the market action index hovering around 61. This is less than last month's market action index of 64. Inventory has decreased to 18. 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 over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $1,599,000
Median Price of New Listings $1,469,000
Per Square Foot $965
Average Days on Market 40
Median Days on Market 28
Price Decreased 50%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent
Market Action 61
Strong Seller's Market

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
$2,218,900 2,438 8,000 - 10,000 sqft 4 3 59 1 0 42
$1,679,000 1,724 6,500 - 8,000 sqft 3 2 58 1 1 24
$1,550,000 1,550 6,500 - 8,000 sqft 3 2 57 1 1 35
$1,275,000 1,262 6,500 - 8,000 sqft 3 2 61 2 2 28