As we head into early February 2026, the San Jose 95123 single-family home market remains strong, supported by low inventory and steady buyer demand. While price growth has paused slightly, market fundamentals remain solid.
🔑 Key Market Highlights
- Median List Price: $1,723,975
- Median Price of New Listings: $1,599,000
- Price per Square Foot: $827
- Median Days on Market: 14 days
- Inventory: Just 18 active listings
- Market Action Index: 61 (Strong Seller’s Market)
These numbers indicate a market that is still clearly favoring sellers, particularly for well-priced and well-presented homes.
📊 What’s Driving the Market?
The Market Action Index increased slightly from last month, signaling stable demand relative to supply. While prices have not climbed significantly in recent weeks, inventory remains low enough to keep the market firmly in seller’s territory.
That said, buyers are being more selective:
- 11% of homes have experienced price reductions
- Homes are taking longer on average to sell, even though the median days on market remains low
This suggests a more thoughtful, data-driven buyer — not a rushed one.
🏡 Home Prices by Segment
Homes in San Jose 95123 span a wide range, reflecting the neighborhood’s diversity:
- Entry-level homes are appearing at around $1.29M
- Mid-range homes cluster between $1.4M–$1.9M
- Larger or more updated properties are reaching $2.95M
Each segment shows activity, reinforcing that demand exists across price points when homes are positioned correctly.
đź’ˇ What This Means for Buyers and Sellers
For Sellers:
This is still a strong market, but pricing strategy matters. Homes that align with buyer expectations are selling quickly, while overpriced listings risk longer market times or price adjustments.
For Buyers:
You’re not facing the same frenzy as past years. With slightly longer timelines and some price flexibility, prepared buyers may find opportunities — especially on homes that have been sitting longer.
đź“Ť Final Thoughts
San Jose 95123 remains a desirable area with strong long-term fundamentals. While the market has found a temporary balance, low inventory continues to support values. Watching shifts in buyer activity and pricing trends will be key in the months ahead.