Seller's Market
▲ Heating UpNorth San Jose, San Jose Market Update
North San Jose favors sellers, but smart buyers can still win. Here's the picture:
- 22 days on market gives buyers time to be selective and negotiate
- Selling 5% above asking — budget above list price to compete
- Monthly payment: $5,088 (20% down) — well below the Bay Area average
- Bidding wars persist (73% sell above list) but inventory is growing — competition may ease soon
- North San Jose pricing is 23% below the San Jose median ($1.02M vs. $1.33M)
More competitive than last year. Waiting will likely mean paying more.
Median Sale Price
$1.02M
▲ 24.4% YoY
Up $200K from last year
Days on Market
22 days
▲ 750% YoY
Typically sells within a month
Sale-to-List Ratio
105.2%
▼ from 108.1%
Selling 5% above asking
Active Inventory
7
Very low — limited options for buyers
Sold Above List
73%
— 0pp YoY
2 in 3 homes get competing offers
Price Drops
—
Sellers rarely reduce their price
Off Market in 2 Wks
41%
▲ 1pp YoY
Staying on market longer than usual
Monthly Payment
$5,088
— 6.37% · 30yr fixed
20% down on $1.02M median
30-yr Fixed6.37%
15-yr Fixed5.74%
A 1% rate drop would save ~$4,896/mo on the median North San Jose home. Your actual rate depends on your credit, down payment, and loan type.North San Jose Trends
Median Sale Price
Up 24.4% year-over-year in North San Jose.
What You'd Actually Pay Per Month
Monthly cost is up 15% year-over-year in North San Jose.
Melanie Tan
8 Blocks Real Estate · DRE #02014153
“I know North San Josewell. Let me help you understand what the numbers mean for your specific situation.”
Let's talk about North San Jose
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