Mary Pope-Handy's Market Report
San Jose, CA 95118
Single-Family Homes
Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com
San Jose, CA 95118
Fri May 29 2020
This week the median list price for San Jose, CA 95118 is $1,199,950 with the market action index hovering around 57. This is less than last month's market action index of 63. Inventory has held steady at or around 33.
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
| Median List Price | $1,199,950 | |
| Per Square Foot | $742 | |
| Days on Market | 44 | |
| Price Decreased | 12% | |
| Price Increased | 3% | |
| Relisted | 3% | |
| Inventory | 33 | |
| Median Rent | $2,800 | |
| Most Expensive | $2,850,000 | |
| Least Expensive | $850,000 | |
| Market Action | 57 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $1,399,400 | 2,155 | 6,500 - 8,000 sqft | 4 | 3 | 56 | 1 | 2 | 26 |
| $1,242,449 | 1,602 | 6,500 - 8,000 sqft | 3 | 2 | 54 | 2 | 3 | 29 |
| $1,194,000 | 1,553 | 4,500 - 6,500 sqft | 4 | 2 | 58 | 3 | 0 | 93 |
| $999,000 | 1,346 | 4,500 - 6,500 sqft | 4 | 2 | 59 | 0 | 3 | 28 |