CA · Metro #36

San Jose - CA housing market

The San Jose metro has a typical home value of $1,627,300, down 1.6% from a year ago. Homes are moving fast at 12 days on market - a strong seller's market. Data from Zillow Research, updated monthly.

Typical home value
$1,627,300
-1.6% vs. year ago
Median sale price
$1,535,565
+-0.0% YoY
Median list price
$1,415,333
Sale-to-list ratio
104.2%
Selling above ask
Days on market
12d
Listings w/ price cut
16.8%
New listings / mo
1,475
+0.3% YoY
Homes for sale
2,831
+6.7% YoY
Typical rent
$3,534/mo
+5.0% YoY
Context

How to read this data

The typical home value ($1,627,300) is the Zillow Home Value Index for the San Jose - CA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are down 1.6% over the past year. A home worth $1,653,760 last year is now worth roughly $1,627,300.

The median sale price , what homes actually close for , is $1,535,565. Homes are selling at 104.2% of list price, meaning buyers are typically paying at or above asking.

Homes listed in San Jose - CA sit on the market for roughly 12 days before going pending. Shorter = seller's market; longer = buyer's market.

About 16.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,475 new listings hit the market each month in San Jose - CA. There are currently 2,831 homes for sale, up 6.7% from a year ago.

The typical monthly rent in San Jose - CA is $3,534, up 5.0% year over year. For investors, the price-to-rent ratio here is roughly 38x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in CA

MetroHome value1-yr changeDays on market
Los Angeles - CA$969,589 +-0.0% 19.0d
San Francisco - CA$1,145,541 -1.5% 14.0d
Riverside - CA$586,623 -1.1% 26.0d
San Diego - CA$943,055 -1.5% 16.0d
Sacramento - CA$581,956 -1.8% 12.0d
Fresno - CA$409,800 +0.9% 19.0d
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