Is San Jose, CA 95124 a buyer’s or seller’s market?

The San Jose housing market right now

In the three months ending August 31, 2026, 43% of homes in San Jose, CA 95124 sold above their list price, the typical home went under contract in 20 days and there were 1.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 133 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 56%, homes sold more slowly (13 days then) and the median sale price fell 7% to $1,849,200. Overall, San Jose is less competitive than a year ago, which gives buyers more room.

Within Santa Clara County, homes here sell more slowly than in 54% of the county’s ZIP codes, and sell less often over asking than in 67%. On our competition score, San Jose ranks #101 of 1,069 CA ZIP codes with enough sales (score 86 out of 100).

Nearby, buyers who want less competition could look at San Jose 95134 (0% sold over asking) or San Jose 95113 (0% sold over asking), while San Jose 95129 (72% sold over asking) and Sunnyvale 94087 (64% sold over asking) are even more competitive.