San Jose Luxury Real Estate

San Jose Real Estate Market Trends

The San Jose housing market is most competitive. Homes in San Jose receive 7 offers on average and sell in around 11 days. The median sale price of a home in San Jose was $1.4M last month, up 1.4% since last year. The median sale price per square foot in San Jose is $836, down 3.2% since last year.

Median Sale Price

$1,400,000 

Median Days on the Market

11

How Competitive is the San Jose Market?

San Jose is very competitive. Homes sell in 10 days. Homes can sell for above the list price and go pending in only around 10 days.

Is San Jose a Buyer's or Seller's Market?

As of June 2023, Santa Clara County, including San Jose, was a seller's market, which indicates that there were more people looking to buy than available homes.

Is San Jose a Good Place to Invest in Property?

As of 2023, mortgage rates have increased to 6.27 percent, surpassing the levels observed in January 2022. This rise in rates comes at a time when the housing supply is constrained. Taking into account various factors, including the cost of San Jose real estate and a significantly elevated median listing home price, the housing market is anticipated to remain relatively stable.