DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
DRE #02250755“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
Data through Jul 2026
San Jose is a balanced market and tilting gently toward buyers. A good environment for thoughtful decisions on both sides:
Based on 1654 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.
Data through July 2026
See how prices, monthly costs, and mortgage rates have moved in San Jose.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
The median sale price in San Jose is $1.40M — up 14% from $1.23M in September 2021. Over that stretch, the median peaked at $1.50M in June 2024 and bottomed at $1.18M in February 2023. That's right in line with the area's 5-year average of $1.36M. Each point is the median of a rolling 3-month window of closings, so the curve runs smoother than any single month; the multi-year direction is the signal.
What buyers actually pay has moved more than the sticker price suggests: a typical monthly payment (20% down, principal & interest) is about $7,194 today, up 73% from $4,146 in September 2021. Most of that increase comes from mortgage rates (3.0% then vs. 6.7% now), not prices — at September 2021 rates, today's median would run about $4,726/mo.
Seasonally, the three months ending in August have been the busiest stretch for closings in San Jose over the past 5 years (about 1,841 sales in that window on average, vs. 1,112 for the stretch ending in February), while competition has run hottest in the stretch ending in May (71% of homes selling over asking on average). That's an average across just 5 observations per month, so treat it as a tendency, not a rule.
San Jose is a balanced market that is tilting gently toward buyers. Both sides have reasonable leverage, contingencies are more common, and there is time to make thoughtful decisions.
At $1.40M, San Jose's median sits about 22% below the Bay Area average of $1.80M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that San Jose is one of the more accessible corners of the Bay Area.
By home type:
Prices in San Jose depend heavily on home type and specific neighborhood. Median sale prices by type:
Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.
San Jose is a balanced market where neither side dominates:
Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.
At $1.40M with 20% down at 6.71%, your estimated total monthly cost is approximately $8,872:
HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.
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