As of mid-February 2026, the San Jose single-family home market continues to operate in a strong seller’s market, though rising inventory is beginning to give buyers slightly more breathing room. Prices remain steady, and demand is still outpacing supply, but the market feels balanced.
🔑 Key Market Highlights
- Median List Price: $1,662,499
- Median Price of New Listings: $1,599,000
- Price per Square Foot: $938
- Median Days on Market: 14 days
- Inventory: 278 active listings
- Market Action Index: 61 (Strong Seller’s Market)
The Market Action Index remains unchanged from last month, signaling a stable market with consistent buyer activity.
📊 What’s Driving the Market?
Prices have held steady for several weeks, reflecting a market that has found a temporary balance between buyers and sellers. While inventory has increased, it remains low enough to keep San Jose firmly in seller’s market territory.
Some key signals worth watching:
- 8% of listings have seen price reductions
- 12% of homes were relisted
- Homes are taking longer to sell on average, even though well-priced properties are still moving quickly
If demand strengthens and the Market Action Index rises, upward pressure on prices could resume. If it declines, buyers may gain additional leverage.
🏡 Home Prices by Segment
San Jose continues to show activity across all price points:
- Entry-level homes are appearing around $999,888
- Mid-range homes cluster between $1.5M–$1.9M
- Larger, higher-end properties are reaching $2.7M+
💡 What This Means for Buyers and Sellers
For Sellers:
The market is still favorable, but strategy matters more than ever. Homes that are priced accurately and presented well continue to sell quickly, while over-priced listings risk sitting longer or needing adjustments.
For Buyers:
With more inventory available, buyers may experience less urgency than in previous years. This can create opportunities, especially on homes that have been relisted or adjusted in price.
📍 Final Thoughts
San Jose’s housing market remains healthy and resilient, supported by strong fundamentals and long-term demand. While inventory growth is worth watching, current conditions continue to favor sellers who price correctly and buyers who are prepared.