Three-Bedroom San Jose Home Sells for $1.9 Million
A 1,703-square-foot house in San Jose, originally built in 1958, has been sold for $1.9 million. The sale of the three-bedroom home reflects the ongoing high valuation of real estate in the city.
- The median sale price for a home in San Jose was $1.3 million in January 2026, a 10.7% decrease from the previous year, placing this sale significantly above the median. - San Jose's median price per square foot stands at $801, which represents a 6.2% decline year-over-year. - The city's housing market is considered "somewhat competitive," with homes receiving an average of three offers and selling in approximately 31 days. In January 2026, the average home sold for 102.6% of its asking price. - From 1975 to 2024, the typical home value in the San Jose area increased by 396% after adjusting for inflation, a surge driven by the region's transformation into a global tech hub. - Within the wider Bay Area, Santa Clara County recorded a median price of nearly $1.94 million in November 2025, though it also saw the region's largest year-over-year decline in the number of sales, at 16.5%. - Many of San Jose's high-value properties priced between $1 million and $2 million date back to the 1950s and 1960s; their value is primarily driven by location within Silicon Valley rather than size. - Housing inventory in San Jose remains low compared to historical, pre-pandemic levels, which contributes to a competitive market dynamic favoring sellers. - Forecasts for 2026 suggest a stabilization of the San Jose market, with modest home price increases predicted to be between 2% and 4%.
