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

Mon Jun 30 2025
This week the median list price for San Jose, CA 95118 is $1,772,000 with the market action index hovering around 61. This is less than last month's market action index of 65. Inventory has held steady at or around 24. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Mon Jun 30 2025
This week the median list price for San Jose, CA 95118 is $1,772,000 with the market action index hovering around 61. This is less than last month's market action index of 65. Inventory has held steady at or around 24. 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

Market Narrative

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $1,772,000
Median Price of New Listings $1,697,500
Per Square Foot $1,030
Average Days on Market 85
Median Days on Market 42
Price Decreased 33%
Price Increased 4%
Relisted 4%
Inventory 24
Median Rent
Market Action 61
Strong Seller's Market

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$2,398,500 2,467 6,500 - 8,000 sqft 4 3 60 0 1 38
$1,850,000 1,816 6,500 - 8,000 sqft 3 2 56 1 2 24
$1,661,500 1,526 4,500 - 6,500 sqft 3 2 59 1 0 45
$1,494,500 1,294 4,500 - 6,500 sqft 3 2 64 0 6 66