San Jose’s single-family home market continues to show strength as we move through February 2026. The median list price this week sits at $1,700,000, holding steady while the Market Action Index climbs slightly to 63, confirming a strong seller’s market.
Inventory has grown to 291 homes, a small increase, giving buyers more to choose from, but competition remains fierce. Homes are spending a median of just 14 days on the market, underscoring how quickly well-priced listings are being absorbed.
Price trends show stability near record highs rather than rapid escalation, which suggests that while momentum favors sellers, buyers are value-conscious and selective. The median price of new listings ($1,878,800) suggests sellers entering the market are pricing confidently, especially for move-in-ready homes.
In the broader picture, the Market Action Index—which measures sales activity relative to inventory—has ticked upward for several weeks. That reflects healthy demand driven by limited quality inventory rather than runaway appreciation.
For Sellers: You hold an advantage, but accurate pricing remains crucial. Overpricing can still stall momentum.
For Buyers: Take steps to prequalify yourself and be ready to move quickly when the right home appears. Inventory growth offers some breathing room but not a slowdown.
San Jose’s market, for now, stays firmly in seller territory, still with subtle signs of better balance emerging.