Monthly market wrap MONTHLY MARKET WRAP San Jose Condos · May 2026 The San Jose market eased in May: most key signals moved the buyer's way. Median sale price $620K ▼ -12.7% vs Apr Time to pending 45d ▲ 10 days slower vs Apr Sold over asking 28% ▼ -1 pts vs Apr Active listings 308 ▼ -4.9% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING San Jose Condos · May 2026 Only 28% of San Jose condos sold over asking, so buyers have room to negotiate. 99.0% average sale price vs. asking price Sold over asking 28% vs. a year ago -15 pts 102.0% 100.8% 99.7% Sold at asking price 99.0% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP San Jose Condos · May 2026 San Jose condos are closing +1.0% below asking. The list price has become a starting point. -$779K median sale price minus asking price Median asking price $1.4M Median sale price $620K $1.31M $1.04M $771K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE San Jose Condos · May 2026 San Jose condo values dipped -16.8% from a year ago. $620K median sale price Year over year -16.8% Homes sold last month 85 $719K $669K $620K $620K Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL San Jose Condos · May 2026 The typical San Jose condo goes pending in 45 days, 23 days slower than last year. 45 days median time to pending Gone within two weeks 22% vs. a year ago 23 days slower 58d 39d 19d 45d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS San Jose Condos · May 2026 San Jose inventory is down 1.3% year over year, a steadier supply picture for condos. 308 active listings Year over year -1.3% Months of supply 3.6 299 254 208 308 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in San Jose? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS San Jose Condos · May 2026 1 in 3 San Jose listings cut its asking price last month, up 6 pts from a year ago. 36% of active listings cut their asking price vs. a year ago +6 pts Active listings 308 30% 24% 18% 36% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET San Jose Condos · May 2026 Only 22% of San Jose condos went pending within two weeks. Most listings are taking their time. 22% of listings went pending within two weeks Median time to pending 45 days vs. a year ago -15 pts 42% 28% 13% Half of listings 22% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY San Jose Condos · May 2026 November is historically San Jose's calmest month for buyers: 3.1 pts less over-asking than April. November historically the calmest month for buyers Buyer's edge vs April -3.1 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -1.4 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE San Jose Condos · May 2026 San Jose condo values are up +15% over the past 10 years. +15% median sale price growth since 2016 Median price in 2016 $540K Average gain per year +1.4% $690K $625K $559K $620K May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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