San Jose Prices Are Softening—What Buyers and Sellers Should Do Next

San Jose’s housing market is showing signs of moderation: the median sale price is $1,398,019, down 3.6% year over year, while the median list price is $1,336,440, down 1%. Median price per square foot is $852.92, also reflecting a modest decline. At the same time, homes sold increased 11.6% year over year and inventory rose 15.1%, giving buyers more choice while keeping the market active. For sellers, accurate pricing and strong presentation matter more than ever; for buyers, the shift may create opportunities to negotiate and evaluate value carefully. A local strategy can make the difference.