San Jose Real Estate Market Report – June 2026
June told two different stories in San Jose depending on where you were shopping. Single-family homes tightened up with more sales, less inventory, prices holding steady to slightly higher. Condos and townhomes cooled with fewer sales, softer prices, no change in how long they sat. Here's the breakdown.
June By The Numbers – Single Family Homes
Median sale price: $1,668,000 (+0.94% month-over-month)
Average sale price: $1,833,020 (-0.98% month-over-month)
Homes sold: 422 (up from 398 in May, +6.03%)
Average days on market: 20 (unchanged from May)
Sale price to list price: 103% (down 1 point from May's 104%)
Active listings: 554 (down from 640 in May, -13.4%)
New listings: 434 (down from 540 in May, -19.6%)
Average price per square foot (sold): $990 (+0.92% month-over-month)
Months of supply: approx. 1.3 (down from approx. 1.6 in May)
Source: Santa Clara County Association of REALTORS® (SCCAOR)
June By The Numbers – Condos & Townhomes
Median sale price: $730,000 (-4.10% month-over-month)
Average sale price: $793,028 (-1.95% month-over-month)
Homes sold: 145 (down from 154 in May, -5.84%)
Average days on market: 37 (unchanged from May)
Sale price to list price: 100% (unchanged from May)
Active listings: 512 (unchanged from May)
New listings: 227 (down from 248 in May, -8.47%)
Average price per square foot (sold): $635 (-1.70% month-over-month)
Source: Santa Clara County Association of REALTORS® (SCCAOR)
The Story Behind the Numbers
Single Family Homes
Start with single-family homes, because the direction is clear: San Jose's core market tightened in June. Closed sales rose 6% from May, while both new listings and active inventory pulled back sharply — new listings down nearly 20%, active inventory down over 13%. That combination, more buyers closing while fewer new homes come to market, pushed months of supply from roughly 1.6 down to about 1.3, deep into seller's-market territory.
Pricing tells a more nuanced story than a single headline number would suggest. The median price ticked up almost a full percentage point, but the average price actually dipped slightly. That gap usually means fewer ultra-high-end homes closed this month pulling the average down, while the "typical" home held or gained ground. Days on market stayed flat at 20 days and sale-to-list price barely moved, still averaging 103% of asking. Well-priced San Jose single-family homes are still moving fast and still fielding competitive offers.
Condos & Townhomes
Condos and townhomes moved in the opposite direction. Closed sales dropped nearly 6% from May, the median price fell just over 4%, and new listings pulled back as well. Days on market held flat at 37, nearly double the single-family average, and sale-to-list stayed at 100%, meaning condo sellers are getting asking price but nothing more. Active inventory didn't move at all month-over-month, which combined with fewer sales points to a segment that's cooling off rather than tightening.
Put together, San Jose isn't one market right now. It's a single-family market getting more competitive by the week, sitting next to a condo market that's quietly softening.
Where the Market Is Moving
Single-family and condo/townhome inventory are telling different stories this month, and the split is worth watching closely if you're active in both.
Single-family supply is shrinking. Active listings fell from 640 to 554 in a single month, while new listings fell even faster, down nearly 20%. Sales absorbed more of what's on the market than they did in May, which is exactly the setup that produces multiple offers and pushes prices up over the following months if it continues.
Condo supply held completely flat, 512 active listings in both May and June, but demand softened: 9 fewer closings, a $31,250 drop in median price. Flat inventory plus falling demand usually means longer time-to-sell ahead, even though June's average days on market hadn't caught up to that yet.
What This Means If You’re Selling
If you're selling a single-family home, June's numbers are in your favor: less competition on the market, faster absorption, and buyers still willing to pay at or near asking. With months of supply down near 1.3, well-prepared, correctly priced listings should expect strong activity in the weeks ahead.
If you're selling a condo or townhome, the calculus is different. Buyers have exactly as many options as they did last month, but there are fewer of them competing for those options, and the closed price data shows it. Pricing precisely, rather than testing the top of the range, matters more in this segment right now than it did in May.
What This Means If You’re Buying
Single-family buyers should expect June's tighter conditions to continue pushing competition higher; homes are moving in 20 days on average and sellers are still getting slightly over asking. If you've been waiting for more breathing room, June moved in the opposite direction.
Condo and townhome buyers are in a noticeably better spot. Inventory held steady while fewer buyers were closing, which means less competition for the same pool of listings and a median price that moved in your favor for the first time in recent months.
Frequently Asked Questions
What was the median home price in San Jose in June 2026?
The median sale price for single-family homes in San Jose was $1,668,000 in June 2026, up 0.94% from May 2026. The median for condos and townhomes was $730,000, down 4.10% from May.
Is San Jose a buyer's or seller's market right now?
For single-family homes, it's a strong seller's market: roughly 1.3 months of supply, well under the 5-6 months that typically signals a balanced market, and sellers are averaging 103% of list price. Condos and townhomes are more balanced, with sellers getting 100% of asking and demand softening slightly month-over-month.
How long are homes taking to sell in San Jose?
Single-family homes averaged 20 days on market in June 2026, unchanged from May. Condos and townhomes averaged 37 days, also unchanged from May.
Are home prices in San Jose going up or down?
Single-family median prices rose slightly (+0.94%) from May to June, though average prices dipped (-0.98%), suggesting fewer top-end sales closed this month. Condo and townhome prices fell more noticeably, down 4.10% on the median.
Which segment is strongest right now?
Single-family homes are the clear strength this month: sales up, inventory tightening, and prices holding or edging higher. Condos and townhomes cooled, with sales, median price, and price-per-square-foot all declining from May.
Is now a good time to sell in San Jose?
For single-family sellers, yes — tightening inventory and rising sales volume favor sellers right now. For condo and townhome sellers, pricing accurately matters more this month, as buyer demand softened while inventory held flat.
Closing Remarks
The headline median rarely tells the whole story, especially in a market as split right now as single-family versus condo. I break down both every month so you have the full picture for your specific situation, not just the citywide average.
If you're thinking about buying or selling in San Jose or anywhere in the South Bay Area, I'd love to talk through what this data means for you. Let’s connect!
Chloe Dertinger | Connect California Homes | 408-212-0732 | chloe@connectcahomes.com | DRE #02282915
