Oak Grove, San Jose Housing Market · 2026

Data through May 2026

Oak Grove, San Jose Market Snapshot

Oak Grove is shifting toward buyers. Here's where things stand:

Based on 26 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
$543K
Down 56.1% from May 2025
Down $692K from May 2025
Homes Sold
26
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$3,489/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$2,740
  • Property Tax$565
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
34 days
21 more days than in May 2025
Buyers have time to decide
Sale-to-List Ratio
100.1%
Down from 105.0% in May 2025
Selling at or near asking price
% Sold Over Asking
38%
38% of homes sold above asking, some competition
Active Listings
17
· Up 0.0% from May 2025
About 0.7 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Oak Grove.

Median Sale Price
Down 56.1% year-over-year in Oak Grove. Based on 26 sales in the most recent month.
Homes Sold
13% more homes sold than a year ago in Oak Grove.
Total Monthly Payment
Estimated monthly cost is down 56% from a year ago in Oak Grove, 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 Oak Grove, San Jose

Is now a good time to buy in Oak Grove, San Jose?

Oak Grove, San Jose currently leans toward buyers. Homes are sitting longer and sellers are more open to negotiation. It is a good time to take your time, request contingencies, and consider offering below asking.

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

At $543K, Oak Grove, San Jose's median sits about 71% below the Bay Area average of $1.85M. Oak Grove, San Jose is among the most accessible parts of the Bay Area.

Within San Jose, this area trades about 61% below the city-wide median of $1.40M.

By home type:

  • Condos at $476K
  • Townhomes at $910K
  • Single-family homes at $1.25M
What price range should I budget for in Oak Grove, San Jose?

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

  • Condos at $476K
  • Townhomes at $910K
  • Single-family homes at $1.25M

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 Oak Grove, San Jose for buyers?

Oak Grove, San Jose currently leans toward buyers:

  • Homes sell about 0.1% above asking on average
  • 38% close above list price
  • 34 days typical time to go pending

Buyer strategy: a well-structured offer near or below list price has a good chance of success.

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

At $543K with 20% down at 6.49%, your estimated total monthly cost is approximately $3,489:

  • $2,740 principal and interest
  • $565 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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