San Jose Housing Market Report – July 2026
Here's a look at how the San Jose, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 625
- Median Sale Price: $1,280,000
- Average Sale Price: $1,642,504
- Average Price Per Sq Ft: $827
- Average Days on Market: 59
- Sale-to-List Price Ratio: 100.8%
Month-Over-Month Trends
Compared to June, the median sale price in San Jose moved 9.9% down (from $1,420,000 to $1,280,000). The number of homes sold was 11.6% down compared to the prior month (707 vs. 625). Average days on market shifted 18.0% up (50 days to 59 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 8.6% down (from $1,400,000 to $1,280,000). Sales volume is 5.0% up year-over-year.
What This Means
San Jose's housing market is showing clear signs of cooling as summer progresses into late July. The median price dropped nearly 10 percent month-over-month to $1.28 million, continuing a downward trend that's also evident in year-over-year comparisons. More telling than the price decline is the shift in buyer behavior: homes are now sitting on the market for an average of 59 days, up significantly from 50 days just last month. This 18 percent jump in days on market suggests sellers are facing longer waits to find buyers, a reversal from the frenetic pace we've seen in previous years.
The slight uptick in the sale-to-list price ratio to 100.8 percent indicates homes are still selling at or marginally above asking price, so the market hasn't shifted dramatically in favor of buyers yet. However, the growing inventory pool of 1,890 active listings—many with asking prices lower than recent sales—reveals a market adjusting to new realities. Higher interest rates and summer seasonality likely both play a role in this slowdown. For buyers, this represents a more comfortable negotiating position than we've seen in years, while sellers may need to reset expectations if they're hoping for the quick sales and multiple offers that characterized San Jose's market just twelve months ago.
San Jose Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95123 | 56 | $1,325,575 | $752 | 50 |
| 95125 | 47 | $2,450,000 | $1,080 | 69 |
| 95112 | 39 | $1,000,000 | $700 | 55 |
| 95111 | 38 | $807,500 | $569 | 62 |
| 95124 | 37 | $1,825,000 | $1,048 | 54 |
| 95126 | 33 | $1,000,000 | $794 | 72 |
| 95120 | 33 | $2,195,000 | $900 | 45 |
| 95118 | 29 | $1,730,000 | $1,000 | 50 |
| 95136 | 29 | $1,150,000 | $701 | 55 |
| 95127 | 28 | $1,090,000 | $750 | 97 |
| 95132 | 25 | $1,635,000 | $907 | 49 |
| 95128 | 23 | $1,200,000 | $823 | 59 |
| 95117 | 23 | $1,485,000 | $958 | 56 |
| 95135 | 21 | $640,000 | $495 | 87 |
| 95133 | 20 | $942,500 | $675 | 46 |
| 95129 | 18 | $2,414,000 | $1,449 | 43 |
| 95122 | 16 | $849,000 | $722 | 59 |
| 95138 | 16 | $1,260,000 | $784 | 42 |
| 95148 | 15 | $1,600,000 | $852 | 55 |
| 95110 | 15 | $675,000 | $703 | 74 |
| 95116 | 15 | $935,000 | $741 | 73 |
| 95121 | 14 | $1,262,500 | $796 | 58 |
| 95131 | 14 | $1,134,000 | $685 | 49 |
| 95119 | 7 | $1,379,000 | $894 | 38 |
| 95130 | 5 | $2,299,000 | $1,037 | 59 |
| 95134 | 3 | $380,000 | $464 | 67 |
| 95139 | 3 | $1,325,000 | $733 | 44 |
| 95113 | 2 | $5,232,500 | $563 | 96 |
| 95002 | 1 | $780,000 | $450 | N/A |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 390 | $1,650,000 | $967 |
| CONDOS | 98 | $650,000 | $594 |
| TOWNHOMES | 63 | $945,700 | $670 |
| MULTI_FAMILY | 28 | $1,480,000 | $532 |
| MOBILE | 24 | $375,000 | $271 |
| CONDO | 12 | $559,000 | $798 |
| OTHER | 7 | $2,275,000 | $552 |
| LAND | 3 | $225,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 3 |
| $100K - $199K | 4 |
| $200K - $299K | 6 |
| $300K - $399K | 13 |
| $400K - $499K | 24 |
| $500K - $749K | 66 |
| $750K+ | 509 |
Current Active Listings
As of this report, there are 1,890 active listings in San Jose with a median asking price of $1,198,000 and an average of 65 days on market.
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