Farnam, San Jose Housing Market · 2026
Data through Sep 2026
Farnam, San Jose Market Snapshot
Farnam favors sellers and competition is intensifying. Here's the picture:
- Homes go pending in about 14 days, so move quickly or you'll miss out
- Selling 3% above asking. Budget above list price to compete
- Loan payment: $9,312/mo P&I (7.32%, 20% down on a $1.69M home) · Est. total ~$11,261/mo with tax + insurance.
- Farnam pricing is 26% above the San Jose median ($1.69M vs. $1.35M)
Based on 6 homes sold in the 3 months ending September 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.
Data through September 2026
- Principal & Interest$9,312
- Property Tax$1,765
- Insurance$183
Market Trends
See how prices, monthly costs, and mortgage rates have moved in Farnam.
Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.
Frequently asked questions about Farnam, San Jose
- Is now a good time to buy in Farnam, San Jose?
Farnam, San Jose favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.
- How do Farnam, San Jose home prices compare to the Bay Area average?
At $1.69M, Farnam, San Jose's median is close to the Bay Area average of $1.77M.
Within San Jose, this area trades about 26% above the city-wide median of $1.35M.
By home type:
- Single-family homes at $1.93M
- Condos at $584K
- What price range should I budget for in Farnam, San Jose?
Prices in Farnam, San Jose depend heavily on home type and specific neighborhood. Median sale prices by type:
- Single-family homes at $1.93M
- Condos at $584K
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 Farnam, San Jose for buyers?
Farnam, San Jose currently favors sellers:
- Homes sell about 3% above asking on average
- 66% close above list price
- 14 days typical time to go pending
Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.
- What will my total monthly cost be on a median-priced Farnam, San Jose home?
At $1.69M with 20% down at 7.32%, your estimated total monthly cost is approximately $11,261:
- $9,312 principal and interest
- $1,765 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.
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