Buyer's Market
→ StableJapantown, San Jose Market Update
Japantown is shifting toward buyers. Here's where things stand:
- Homes are sitting for 75+ days — buyers have the luxury of patience here
- Selling 3% below asking — sellers are flexible on price
- Monthly payment: $7,108 (20% down) — well below the Bay Area average
- Japantown pricing is near the San Jose city-wide median ($1.43M vs. $1.33M)
Conditions are holding steady. What you see now is likely what you'll see next month.
Median Sale Price
$1.43M
Days on Market
75 days
Buyers have time to decide
Sale-to-List Ratio
97.0%
Selling 3% below asking
Active Inventory
1
Very low — limited options for buyers
Sold Above List
33%
Some homes attract competing offers
Price Drops
—
Sellers rarely reduce their price
Off Market in 2 Wks
33%
Staying on market longer than usual
Monthly Payment
$7,108
— 6.37% · 30yr fixed
20% down on $1.43M median
30-yr Fixed6.37%
15-yr Fixed5.74%
A 1% rate drop would save ~$6,840/mo on the median Japantown home. Your actual rate depends on your credit, down payment, and loan type.Japantown Trends
Median Sale Price
Up 17.8% year-over-year in Japantown.
What You'd Actually Pay Per Month
Monthly cost is up 4% year-over-year in Japantown.
Melanie Tan
8 Blocks Real Estate · DRE #02014153
“I know Japantownwell. Let me help you understand what the numbers mean for your specific situation.”
Let's talk about Japantown
Market data: Redfin Data Center · Rates: FRED / Federal Reserve · Updated weekly · Data through Feb 2026
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153