San Jose Housing Market Report – May 2026
Here's a look at how the San Jose, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 722
- Median Sale Price: $1,500,000
- Average Sale Price: $4,423,620
- Average Price Per Sq Ft: $3,373
- Average Days on Market: 49
- Sale-to-List Price Ratio: 102.5%
Month-Over-Month Trends
Compared to April, the median sale price in San Jose moved 4.9% up (from $1,430,000 to $1,500,000). The number of homes sold was 7.3% up compared to the prior month (673 vs. 722). Average days on market shifted 2.1% up (48 days to 49 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 4.5% up (from $1,436,000 to $1,500,000). Sales volume is 24.5% up year-over-year.
What This Means
San Jose's housing market continues its steady upward momentum heading into summer. The median sale price hit $1.5 million in May, up nearly 5% both month-over-month and year-over-year, suggesting sustained buyer demand despite what remains a relatively expensive entry point. What's particularly interesting is that homes are selling above asking price—the 102.5% sale-to-list ratio indicates sellers still hold the advantage, though it's a modest edge compared to the pandemic peaks. With an average of 49 days on market, homes aren't flying off shelves, but they're moving at a reasonable pace for a market this pricey.
The inventory situation tells a nuanced story. Active listings have grown to 1,689 properties, giving buyers more options than they've had in years. However, there's a notable gap: the median asking price sits at $1.195 million while the median sale price is $1.5 million. This suggests higher-priced properties—likely the single-family homes that dominate sales—are driving market activity, while more moderately priced inventory sits longer, averaging 54 days. For buyers, this May market represents a slight rebalancing toward their favor, though patience and persistence remain essential in San Jose's persistently expensive landscape.
San Jose Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95117 | 87 | $28,850,000 | $21,369 | 42 |
| 95125 | 65 | $1,601,000 | $1,045 | 40 |
| 95123 | 65 | $1,275,000 | $764 | 62 |
| 95124 | 46 | $1,870,000 | $1,140 | 42 |
| 95120 | 45 | $2,238,000 | $982 | 41 |
| 95112 | 36 | $1,115,000 | $744 | 66 |
| 95136 | 33 | $1,260,000 | $748 | 47 |
| 95118 | 31 | $1,550,000 | $996 | 45 |
| 95131 | 26 | $1,095,000 | $750 | 53 |
| 95129 | 25 | $2,700,000 | $1,515 | 39 |
| 95133 | 25 | $1,220,000 | $765 | 46 |
| 95127 | 25 | $1,286,600 | $1,246 | 44 |
| 95135 | 23 | $850,000 | $607 | 66 |
| 95111 | 22 | $677,000 | $580 | 52 |
| 95116 | 21 | $902,000 | $689 | 81 |
| 95126 | 21 | $1,050,000 | $783 | 52 |
| 95128 | 18 | $1,555,000 | $992 | 41 |
| 95148 | 16 | $1,602,500 | $929 | 58 |
| 95132 | 16 | $1,479,500 | $896 | 45 |
| 95110 | 15 | $940,000 | $790 | 44 |
| 95138 | 15 | $1,700,000 | $961 | 33 |
| 95121 | 14 | $1,252,500 | $793 | 39 |
| 95122 | 9 | $990,000 | $761 | 47 |
| 95119 | 8 | $1,384,000 | $850 | 35 |
| 95130 | 6 | $1,930,000 | $1,206 | 40 |
| 95139 | 5 | $1,290,000 | $833 | 35 |
| 95134 | 4 | $674,500 | $596 | 52 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 432 | $1,647,500 | $1,037 |
| CONDOS | 88 | $617,500 | $625 |
| CONDO | 82 | $28,850,000 | $22,595 |
| TOWNHOMES | 67 | $963,000 | $698 |
| MOBILE | 27 | $325,000 | $279 |
| MULTI_FAMILY | 24 | $1,632,500 | $880 |
| OTHER | 1 | $2,650,000 | $292 |
| LAND | 1 | $450,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 3 |
| $200K - $299K | 10 |
| $300K - $399K | 8 |
| $400K - $499K | 23 |
| $500K - $749K | 68 |
| $750K+ | 610 |
Current Active Listings
As of this report, there are 1,689 active listings in San Jose with a median asking price of $1,195,000 and an average of 54 days on market.
Thinking About Selling Your San Jose Home?
If you're a homeowner in San Jose considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in San Jose and throughout Santa Clara County — get a no-obligation cash offer today.