San Jose, CA home prices and housing market

San Jose sellers are now listing their homes about one hundred fifteen thousand dollars below the typical home's value. Here is what that gap tells you if you are weighing a sale this year. The typical San Jose home is worth about 1.31 million dollars, down just under two percent from a year ago. That is a gentle slide, not a drop. But look at how sellers are responding. The median asking price is closer to 1.2 million, a deliberate discount that says this market is now pricing defensively. There are just under a thousand homes for sale, so buyers have some choice, but hardly a glut. Here is the number that cuts the other way. Homes that do sell are still going under contract in about thirty-six days, and only about one in seven listings has taken a price cut. So this is not a stalled market. It is a disciplined one. The practical takeaway: price at or just under what comparable homes are actually selling for, because buyers here are paying less than last year and they are rewarding realistic sellers with fast sales. To see where your home sits in this market, get a free estimate at Home Value Pros dot com.