What’s the Average Price of a House in San Jose? 2025 Market Snapshot

San Jose remains one of America’s priciest housing markets. As of mid‑2025, the median single‑family home price sits around $1,450,000, while condos average $1,100,000.

But averages mask local differences: Evergreen homes hover near $1.48 M, Almaden Valley peaks at $1.65 M, and Berryessa offers relative value around $1.12 M. In this post, we’ll:

• Break down city‑wide averages

• Compare key neighborhoods

• Explore factors driving prices (tech wages, zoning, supply)

• Highlight ADU and buyer assistance opportunities

• Offer tips for navigating San Jose’s competitive sales landscape

Whether you’re a first‑time buyer or seasoned investor, understanding these numbers is crucial to making informed decisions.

1. Current City‑Wide Averages

• Pending vs. Active Listings Ratio: ~1.1×—a slightly seller‑favorable market.

• Average Days on Market: 20–25 days .

Key Takeaway: Prices continue modest growth after pandemic‑era surges, reflecting balanced demand and supply.

2. Neighborhood Breakdown

2.1 Evergreen (95123)

• Median Single‑Family Price: $1,480,000

• Median Condo Price: $1,200,000

• Average Rent (2 BR): $3,400/mo

• School Rating: 9/10

2.2 Almaden Valley (95120)

• Median Single‑Family Price: $1,650,000

• Median Condo Price: $1,300,000

• Average Rent (2 BR): $3,600/mo

• Open Space & Trails: High appeal for families.

2.3 Berryessa (95135)

• Median Single‑Family Price: $1,120,000

• Median Condo Price: $900,000

• Average Rent (2 BR): $2,800/mo

• Transit Access: Close to VTA light rail.

2.4 Downtown & North San Jose

• Median Condo Price: $1,050,000

• Average Rent (1 BR): $2,900/mo

• Tech Campuses Nearby: Apple, Google expansions.

Insight: While Almaden commands a premium, Berryessa remains the most affordable pocket for entry buyers.

3. What Drives These Prices?

3.1 Tech Sector Wages

• Median Household Income: $135,000 vs. U.S. $70,000

• High‑paying roles keep demand strong.

3.2 Land & Zoning Constraints

• Vacant Land: Only ~7% remains undeveloped.

• Single‑Family Zoning: Limits multi‑unit supply.

3.3 Interest Rates & Loan Availability

• Current 30‑Year Mortgage Rate: ~6.5%

• Rate fluctuations influence buyer budgets.

3.4 Regional Migration

• Some out‑flow to Sacramento and Central Valley; Bay Area overall still attractive for jobs.

Conclusion: San Jose’s unique job market and scarcity of new homes ensure prices stay elevated even amid rate hikes.

4. The Role of ADUs in Average Pricing

4.1 How ADUs Affect Value

• Properties with permitted ADUs sell ~10–15% above comps .

• Example: A $1.4 M home plus a $200K ADU net list ~$1.7 M.

4.2 Income Boost

• ADU Rent: $2,200–$2,700/mo (2 BR)

• Impact on Affordability: Rental income can help qualify for higher mortgages.

4.3 Cost Considerations

• Permit & Fees: $8K–$15K

• Construction: $300–$400 per sq ft

Tip: When comparing averages, factor in the increasing prevalence and value‑add of ADUs across San Jose neighborhoods.

5. Taxes, Fees & Carrying Costs

• Effective Tax Rate: ~1.5% when fees included.

• Monthly Carrying Cost on $1.45 M Home: ~$1,600–$2,000.

Advice: Always request full fee disclosures to compare true average costs between listings.

6. Average Price vs. Affordability Programs

6.1 Buyer Assistance

• CalHFA Down‑Payment Grant: $45,000

• City‑Level Forgivable Loans: $50,000

• Mortgage Credit Certificate: 20% tax credit on interest.

6.2 Shared Equity Models

• Partnerships with nonprofit lenders can lower effective purchase price by 5–10%.

Strategy: Subtract potential assistance from average price to gauge your real entry cost.

7. Comparing Average Price to Rent**

• Rent Equivalent Home Price: Rent × 200 = $7.68 M (rule of thumb).

• Conclusion: Ownership makes sense for long‑term stay (5+ years) despite higher monthly outlay.

8. Tips for Navigating Today’s Averages

1. Look Beyond Citywide Median: Pinpoint submarkets like Berryessa or North SJ for lower entry.

2. Leverage ADU Potential: Choose properties with space for an ADU to offset costs.

3. Maximize Buyer Grants: Apply early—funding can dramatically reduce down‑payment needs.

4. Get Pre‑Approved: Know your true budget relative to average prices.

5. Work with a Hyperlocal Realtor: Block Change Real Estate specializes in Evergreen, Silver Creek, and Almaden insights.

Pro Tip: Track “pending” data—when pending surpasses active, prices often edge up 1–2% shortly after.

Conclusion

The average price of a house in San Jose stands around $1.45 million for single‑family homes and $1.1 million for condos in mid‑2025. Neighborhoods like Almaden and Evergreen push averages higher, while Berryessa and parts of North San Jose offer relative value. High tech wages, scarce land, and favorable financing keep averages elevated.

Yet tools like ADUs and buyer assistance can lower your effective cost. By understanding these averages and leveraging local programs, you can craft a strategy that fits your budget and long‑term goals. Ready to explore? Contact Block Change Real Estate for a tailored market analysis and turn these citywide numbers into your personal advantage.