Mary Pope-Handy's Market Report

San Jose, CA 95118

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



San Jose, CA 95118

Sat Sep 21 2019
This week the median list price for San Jose, CA 95118 is $1,198,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has held steady at or around 51. 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.

Slight Seller's Advantage

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

Sat Sep 21 2019
This week the median list price for San Jose, CA 95118 is $1,198,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has held steady at or around 51. 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.

Slight Seller's Advantage

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 $1,198,000
Per Square Foot $732
Days on Market 49
Price Decreased 53%
Price Increased 4%
Relisted 10%
Inventory 51
Median House Rent $3,720
Most Expensive $1,595,000
Least Expensive $768,888
Market Action Index
Slight Seller's Advantage
41

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,398,500 2,086 6,500 - 8,000 sqft 4 3 56 1 1 66
$1,199,888 1,555 4,500 - 6,500 sqft 4 2 58 2 1 33
$1,149,950 1,554 4,500 - 6,500 sqft 3 2 60 1 0 54
$1,050,000 1,288 4,500 - 6,500 sqft 3 2 58 2 4 46