Balanced Market
▲ Heating UpSouth San Jose, San Jose Market Update
South San Jose is a balanced market — a good environment for thoughtful decisions on both sides:
- Homes sit for about 19 days — enough time to tour, but don't wait too long
- Selling at or just above list price — fair offers still win here
- Monthly payment: $4,909 (20% down) — well below the Bay Area average
- Bidding wars persist (54% sell above list) but inventory is growing — competition may ease soon
- South San Jose pricing is 26% below the San Jose median ($984K vs. $1.33M)
More competitive than last year. Waiting will likely mean paying more.
Median Sale Price
$984K
▲ 2.5% YoY
76 sold this month
Up $24K from last year
Days on Market
19 days
▼ -17d YoY
Typically sells within a month
Sale-to-List Ratio
101.6%
▼ from 101.8%
Selling at or just above asking
Active Inventory
78
Very low — limited options for buyers
Sold Above List
54%
▼ -6pp YoY
More than half sell above asking
Price Drops
—
Sellers rarely reduce their price
Off Market in 2 Wks
53%
▲ 22pp YoY
Most go pending within 2 weeks
Monthly Payment
$4,909
— 6.37% · 30yr fixed
Principal & interest only on a 20% down $984K home. Add ~30–40% for property taxes, insurance, and HOA.
30-yr Fixed6.37%
15-yr Fixed5.74%
A 1% rate drop would save ~$503/mo on the median South San Jose home. Your actual rate depends on your credit, down payment, and loan type.South San Jose Trends
Median Sale Price
Up 2.5% year-over-year in South San Jose.
What You'd Actually Pay Per Month
Monthly cost has eased 6% year-over-year.
Melanie Tan
8 Blocks Real Estate · DRE #02014153
“I know South San Josewell. Let me help you understand what the numbers mean for your specific situation.”
Let's talk about South 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