Buyer's Market
▲ Heating UpDowntown San Jose, San Jose Market Update
Downtown San Jose is shifting toward buyers. Here's where things stand:
- 28 days on market gives buyers time to be selective and negotiate
- Selling 1% below asking — sellers are flexible on price
- Monthly payment: $4,988 (20% down) — well below the Bay Area average
- Downtown San Jose pricing is 25% below the San Jose median ($1.00M vs. $1.33M)
More competitive than last year. Waiting will likely mean paying more.
Median Sale Price
$1.00M
▼ -0.2% YoY
65 sold this month
Down $2K from last year
Days on Market
28 days
▼ -6d YoY
Typically sells within a month
Sale-to-List Ratio
99.2%
▼ from 101.1%
Selling 1% below asking
Active Inventory
44
Very low — limited options for buyers
Sold Above List
35%
▼ -6pp YoY
Some homes attract competing offers
Price Drops
—
Sellers rarely reduce their price
Off Market in 2 Wks
43%
▲ 12pp YoY
Staying on market longer than usual
Monthly Payment
$4,988
— 6.37% · 30yr fixed
Principal & interest only on a 20% down $1.00M home. Add ~30–40% for property taxes, insurance, and HOA.
30-yr Fixed6.37%
15-yr Fixed5.74%
A 1% rate drop would save ~$511/mo on the median Downtown San Jose home. Your actual rate depends on your credit, down payment, and loan type.Downtown San Jose Trends
Median Sale Price
Down 0.2% year-over-year. The market is adjusting.
What You'd Actually Pay Per Month
Monthly cost has eased 8% year-over-year.
Melanie Tan
8 Blocks Real Estate · DRE #02014153
“I know Downtown San Josewell. Let me help you understand what the numbers mean for your specific situation.”
Let's talk about Downtown San Jose
Market data: Redfin Data Center · Rates: FRED / Federal Reserve · Updated weekly · Data through Feb 2026
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153
© 2026Melanie Tan, 8 Blocks Real Estate · DRE #02014153