CA · Metro #36

San Jose - CA housing market

The San Jose metro has a typical home value of $1,610,466, down 1.4% from a year ago. Homes are moving fast at 13 days on market - a strong seller's market. 20% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$1,610,466
-1.4% vs. year ago
Median sale price
$1,549,182
-0.3% YoY
Median list price
$1,415,666
Sale-to-list ratio
104.9%
Selling above ask
Days on market
13d
Listings w/ price cut
20.4%
New listings / mo
1,521
-1.7% YoY
Homes for sale
3,201
+4.2% YoY
Typical rent
$3,625/mo
+5.5% YoY
Context

How to read this data

The typical home value ($1,610,466) 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 1.4% over the past year. A home worth $1,633,333 last year is now worth roughly $1,610,466.

The median sale price , what homes actually close for , is $1,549,182. Homes are selling at 104.9% of list price, meaning buyers are typically paying at or above asking.

Homes listed in San Jose - CA sit on the market for roughly 13 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,521 new listings hit the market each month in San Jose - CA. There are currently 3,201 homes for sale, up 4.2% from a year ago.

The typical monthly rent in San Jose - CA is $3,625, up 5.5% year over year. For investors, the price-to-rent ratio here is roughly 37x 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$968,608 +0.3% 19.0d
San Francisco - CA$1,149,215 -0.8% 14.0d
Riverside - CA$585,378 -0.8% 25.0d
San Diego - CA$946,365 -1.1% 16.0d
Sacramento - CA$582,707 -1.6% 12.0d
Fresno - CA$409,749 +0.9% 19.0d
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