Is San Jose, CA 95129 a buyer’s or seller’s market?
San Jose is a seller’s market. With about 1.8 months of supply and 72% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
#2 of 49 ZIP codes in Santa Clara & San Benito counties, CA, and #51 of 531 across all the markets we track.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. How the heat score works
The San Jose housing market right now
In the three months ending August 31, 2026, 72% of homes in San Jose, CA 95129 sold above their list price, the typical home went under contract in 13 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 62 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 68%, homes sold about as fast and the median sale price fell 4% to $2,412,956. Overall, San Jose is more competitive than a year ago, so tougher for buyers.
Within Santa Clara County, homes here sell faster than in 90% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, San Jose ranks #35 of 1,069 CA ZIP codes with enough sales (score 95 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).
Run the numbers for 95129
Nearby markets
Campbell 95008Seller’s market $1,000 /sq ftCupertino 95014Seller’s market $1,501 /sq ftGilroy 95020Seller’s market $531 /sq ftLos Altos 94022Seller’s market $1,793 /sq ft Browse all markets →Towns like San Jose nearby
Find towns like San Jose in other states →Where San Jose is
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Questions about San Jose real estate
Is San Jose a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in San Jose, CA 95129 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in San Jose?
The typical home went under contract in 13 days in the latest three months.
Do homes in San Jose sell over asking?
72% of homes sold above their original list price, and the typical sale closed at 105.0% of the list price.
What are property taxes in San Jose?
About 1.20% of a home’s value a year in Santa Clara County, or roughly $4,800 on a $400,000 home.
What is the median home price in San Jose?
The median sale price was $2,412,956 in the three months ending August 31, 2026, about $1,469 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology