San Jose Housing Market · 2026

Data through May 2026

San Jose Market Snapshot

San Jose is a balanced market and tilting gently toward buyers. A good environment for thoughtful decisions on both sides:

Based on 536 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$1.40M
Down 6.5% from May 2025
Down $98K from May 2025
Homes Sold
536
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$8,729/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$7,084
  • Property Tax$1,461
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
20 days
6 more days than in May 2025
Homes typically sell within a month
Sale-to-List Ratio
102.7%
Down from 103.0% in May 2025
Selling at or near asking price
% Sold Over Asking
58%
More than half of homes sold above their asking price
Active Listings
1,084
Up 5.3% from May 2025
About 2 months of supply. Moderate selection available

Market Trends

See how prices, monthly costs, and mortgage rates have moved in San Jose.

Median Sale Price
Down 6.5% year-over-year in San Jose. Based on 536 sales in the most recent month.
Homes Sold
10% more homes sold than a year ago in San Jose.
Total Monthly Payment
Estimated monthly cost is down 9% from a year ago in San Jose, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about San Jose

Is now a good time to buy in San Jose?

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.

How do San Jose home prices compare to the Bay Area average?

At $1.40M, San Jose's median sits about 24% below the Bay Area average of $1.85M. 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:

  • Single-family homes at $1.65M
  • Condos at $620K
  • Townhomes at $975K
What price range should I budget for in San Jose?

Prices in San Jose depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.65M
  • Condos at $620K
  • Townhomes at $975K

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.

How competitive is San Jose for buyers?

San Jose is a balanced market where neither side dominates:

  • Homes sell about 3% above asking on average
  • 58% close above list price
  • 20 days typical time to go pending
  • 36% of listings have had a price reduction

Buyer strategy: contingencies are more accepted, and there is time to tour and negotiate without extreme pressure.

What will my total monthly cost be on a median-priced San Jose home?

At $1.40M with 20% down at 6.49%, your estimated total monthly cost is approximately $8,729:

  • $7,084 principal and interest
  • $1,461 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
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.”
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