What Is the Average House Price in San Jose?

​San Jose, California, consistently ranks among the nation's most expensive housing markets, reflecting its status as a central hub in Silicon Valley. Understanding the current housing prices and market trends is crucial for prospective buyers, sellers, and investors. As of early 2025, the housing market in San Jose has experienced notable changes.​

Current Average and Median Home Prices

As of February 2025, the average home value in San Jose is approximately $1,501,267, marking an 8.1% increase over the past year. The median sale price during the same period is reported at $1,390,000. These figures indicate a robust appreciation in home values, underscoring the competitive nature of the San Jose housing market.

Average vs. Median: Understanding the Difference

It's essential to distinguish between average and median home prices, as they provide different insights into the market:​

• Average Price: Calculated by dividing the total combined value of all homes sold by the number of homes sold. This figure can be skewed by extremely high or low property values.​

• Median Price: The middle value when all home prices are arranged in ascending order. This metric often provides a more accurate representation of the typical home price, as it's less affected by outliers.​

Home Prices by Property Type

Home prices in San Jose vary based on the type of property:​

• Single-Family Homes: These properties typically command higher prices due to their size and privacy.​

• Condominiums and Townhouses: Generally more affordable than single-family homes, these options offer a balance between cost and amenities.​

Specific pricing data for each property type is not available in the provided sources. Prospective buyers are advised to consult local real estate listings or contact a real estate professional for detailed information.​

Neighborhood-Specific Home Prices

San Jose's diverse neighborhoods exhibit a wide range of home prices:​

• Willow Glen: Known for its historic charm, the average home value is approximately $1,873,508.

• Downtown San Jose: Offers urban living with a median listing home price of $967,500.

• South San Jose: Features more affordable options, with a median sale price of $960,000 as of February 2025.

• 95124 ZIP Code: Encompassing areas like Cambrian Park, this region has seen a significant year-over-year increase of 18.1%, with the median listing home price reaching $2,000,000 in February 2025.

Market Trends and Insights

Several key trends characterize the current San Jose housing market:​

• Appreciation Rates: The average home value has risen by 8.1% over the past year, indicating strong appreciation.

• Market Competitiveness: Homes in San Jose typically go pending in around 11 days, reflecting a highly competitive market.

• Sales Trends: In January 2025, 298 homes were sold, marking a 4.6% increase from the previous year, suggesting sustained buyer interest. 

San Jose's housing market continues to thrive, with significant appreciation in home values and sustained demand. Understanding the nuances between average and median prices, as well as the variations across different property types and neighborhoods, is essential for making informed real estate decisions. Prospective buyers and investors should stay abreast of these trends and consult with local real estate professionals to navigate this dynamic market effectively.​