Is San Jose, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing San Jose is a seller's market


Difference Since May 2022

Since last year, San Jose has remained a Seller's Market.

Key Takeaway

San Jose is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in San Jose, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2022


Key Takeaway

Homes in San Jose have sold for 3.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $549.9K$556K
2 $799.5K$785.3K
3 $1.3M$1.2M
4 $1.5M$1.5M
5+ $1.9M$1.8M

Median Sold Price Compared To Nearby Cities

Santa Clara
San Jose
Los Gatos

How many homes are available in San Jose, CA?

Number of Homes For Sale

Apr 2023May 2023%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 4747
2 255271
3 434476
4 323356
5+ 124133

Number of Homes Sold

Apr 2023May 2023%

Asking Price vs. Sold Price

113 Homes Were Sold
Under Asking

51 Homes Were Sold
At Asking

345 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Jose, you could pay more than the asking price. 67.8% of homes here sold above asking price last month.

How long does it take to sell a home in San Jose, CA?

How long does it take to sell a home in San Jose, CA?

Average Sale Time

May 2022May 2023%
10 Days17 Days+67.3%

Breakdown of Home Sale Times

468 Homes Were Sold
Under 30 Days

48 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Jose are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near San Jose, CA?

About San Jose, CA

There are 1,283 homes are for sale in San Jose, CA real estate market. The inventory of homes for sale in San Jose, CA between April 2023 and May 2023 increased by 8.5%. While the average time on the market in May 2023 was 17 days, the median list price was $1,249,973. This housing market listing prices have changed between April 2023 and May 2023: 1 bedroom properties prices increased by 1.1%, prices of 2 bedrooms properties went down by 1.8%, 3 bedrooms properties prices decreased by 2.9%, 4 bedrooms properties became 3.1% more cheaper, 5 bedrooms properties became 4.8% more cheaper. Volume of homes for sale changed: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 6.3%, 3 bedrooms homes inventory increased by 9.7%, volume of 4 bedrooms homes went up by 10.2%, 5 bedrooms homes inventory increased by 7.3%. San Jose, CA housing market in May 2023 saw over 345 listings sold above listed price, more than 51 sold at listed price and over 113 sold below.