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



San Jose, CA 95118

Thu Mar 28 2024
This week the median list price for San Jose, CA 95118 is $1,788,000 with the market action index hovering around 80. This is an increase over last month's market action index of 79. Inventory has increased to 9. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

San Jose, CA 95118

Thu Mar 28 2024
This week the median list price for San Jose, CA 95118 is $1,788,000 with the market action index hovering around 80. This is an increase over last month's market action index of 79. Inventory has increased to 9. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the San Jose market.
Median List Price $1,788,000
Median Price of New Listings $1,500,000
Per Square Foot $979
Average Days on Market 19
Median Days on Market 0
Price Decreased 11%
Price Increased 0%
Relisted 0%
Inventory 9
Median Rent
Market Action 80
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
$2,099,499 2,058 4,500 - 6,500 sqft 4 2.8 43 1 0 7
$1,869,000 1,956 6,500 - 8,000 sqft 4 2.5 56 0 1 73
$1,743,975 1,724 6,500 - 8,000 sqft 3 2 58 1 0 3
$1,499,000 1,532 4,500 - 6,500 sqft 3 2 62 3 2 0