Mary Pope-Handy's Market Report

San Jose, CA 95118

Single-Family Homes

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



San Jose, CA 95118

Tue Sep 28 2021
This week the median list price for San Jose, CA 95118 is $1,299,944 with the market action index hovering around 74. This is an increase over last month's market action index of 67. Inventory has decreased to 22. 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

Tue Sep 28 2021
This week the median list price for San Jose, CA 95118 is $1,299,944 with the market action index hovering around 74. This is an increase over last month's market action index of 67. Inventory has decreased to 22. 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 $1,299,944
Median Price of New Listings $1,424,500
Per Square Foot $909
Average Days on Market 86
Median Days on Market 7
Price Decreased 9%
Price Increased 0%
Relisted 5%
Inventory 22
Median Rent $3,248
Market Action 74
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
$1,738,888 2,138 4,500 - 6,500 sqft 5 2 58 3 4 0
$1,398,000 1,573 4,500 - 6,500 sqft 3 3 60 2 4 7
$1,224,000 1,408 4,500 - 6,500 sqft 3 2 58 1 3 14
$1,119,444 1,121 4,500 - 6,500 sqft 3 2 60 0 0 45