San Jose Housing Market & Best Time to Buy or Sell
San Jose Housing Market Report: September 2026
By Zaid Hanna, Broker, Real Estate 38 · CA DRE #01421581 · Updated November 2026
The short answer: In September 2026, the median San Jose single-family home sold for $1,650,000, unchanged from a year earlier, after 26 days on market and at 102.0% of list price. Condos were softer: the median fell 9.5% to $740,000. Active single-family listings were up 28.5% year over year, so buyers have more choice than they did in 2025.
Updated November 1, 2026. Data: September 2026 closed sales in the City of San Jose from the MLSListings MLS, compiled by Information Designs (rereport.com). Analysis by Zaid Hanna, Broker and founder of Real Estate 38.
San Jose market at a glance (September 2026)
Metric
Single-family homes
Condos and townhomes
Single-family, September 2025
Median sale price
$1,650,000
$740,000
$1,650,000
Change vs. a year ago
0.0%
-9.5%
-
Homes sold
324
117
329
Active listings
487
385
379
Sale price vs. list price
102.0%
98.7%
103.0%
Days on market
26
41
26
Days of inventory
44 (about 1.5 months)
95 (about 3 months)
33
What the numbers mean
Single-family prices are holding, not rising. The citywide median is exactly where it was in September 2025. Up from $1,600,000 in August, it's a normal monthly swing, not a new trend.
Buyers have more to choose from. Active single-family listings rose from 379 to 487 in a year, and inventory now covers about 44 days of sales, up from 33. That's still a fast market by national standards, but it's less frantic than 2025.
Well-priced houses still sell above asking. Single-family homes sold for 102.0% of list price overall. Overpriced listings are the ones that sit.
Condos favor buyers. Condos sold below list on average (98.7%), took 41 days to sell and have about three months of supply. That gives condo and townhome buyers real room to negotiate.
Neighborhood figures cover a small number of sales (14 to 45 homes in September), so one or two large or small sales can move the median noticeably from month to month. Neighborhood names follow MLS area boundaries, which don't always match what locals call a neighborhood. Willow Glen and Almaden Valley remain the highest-priced areas. Berryessa, Santa Teresa and South San Jose homes sold furthest above asking.
Mortgage rates
The 30-year fixed mortgage rate averaged 7.24% in Freddie Mac's survey for the week of October 29, 2026, down from 7.40% earlier in the month but well above the 6.17% of a year earlier (Freddie Mac Primary Mortgage Market Survey). Many San Jose purchases need jumbo loans, which are priced separately, so compare quotes from a few lenders. For more, see our San Jose home loans, mortgage rates and affordability guide.
Is now a good time to buy or sell in San Jose?
For buyers: More listings and flat single-family prices give buyers more leverage than they had a year ago, especially for condos and for houses that have sat past their first few weeks. Higher rates are the trade-off. Read Is Now a Good Time to Buy a House in San Jose?
For sellers: Correctly priced single-family homes are still selling in under a month at or above asking. With more competing listings, pricing and preparation matter more than they did a year ago. Read Is Now a Good Time to Sell My Home in San Jose? or get a free home value estimate.
About this report: figures are for September 2026 closed sales within the City of San Jose as recorded in the MLSListings MLS. "Days of inventory" is how long current active listings would last at the current sales pace. We update this report as each month's data is released.
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