Is San Jose, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer'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
$1,249,973
$792/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2022
-$45,595(-3.5%)
Key Takeaway
Homes in San Jose have sold for 3.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | May 2022 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | $549.9K | $556K | +1.1% |
| 2 Bedrooms | $799.5K | $785.3K | -1.8% |
| 3 Bedrooms | $1.3M | $1.2M | -2.9% |
| 4 Bedrooms | $1.5M | $1.5M | -3.1% |
| 5+ Bedrooms | $1.9M | $1.8M | -4.8% |
Median Sold Price Compared To Nearby Cities
| Campbell | $1.5M | $1.6M | +3.0% |
| Santa Clara | $1.4M | $1.4M | -1.6% |
| Saratoga | $3.6M | $3.5M | -2.0% |
| San Jose | $1.2M | $1.2M | -3.5% |
| Los Gatos | $2.3M | $2.2M | -5.3% |
How many homes are available in San Jose, CA?
Number of Homes For Sale
| Apr 2023 | May 2023 | % |
|---|---|---|
| 1,183 | 1,283 | +8.5% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2023 | May 2023 | % |
|---|---|---|---|
| 1 Bedroom | 47 | 47 | 0.0% |
| 2 Bedrooms | 255 | 271 | +6.3% |
| 3 Bedrooms | 434 | 476 | +9.7% |
| 4 Bedrooms | 323 | 356 | +10.2% |
| 5+ Bedrooms | 124 | 133 | +7.3% |
Number of Homes Sold
| Apr 2023 | May 2023 | % |
|---|---|---|
| 440 | 528 | +20.0% |
Asking Price vs. Sold Price
113 Homes Were Sold
Under Asking
51 Homes Were Sold
At Asking
345 Homes Were Sold
Over Asking
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 2022 | May 2023 | % |
|---|---|---|
| 10 Days | 17 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
Key Takeaway
Many homes in San Jose are selling fast, if you're buying plan to act quickly.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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