Home Values

San Jose Metro Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$863,800

  • 12.1% 1-year change
  • 5.1% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Very Hot

Buyers' Market
Sellers' Market

The median home value in San Jose Metro is $863,800. San Jose Metro home values have gone up 12.1% over the past year and Zillow predicts they will rise 5.1% within the next year. The median list price per square foot in San Jose Metro is None. The median rent price in San Jose Metro is $2,785, which is higher than the California median of $1,965.

Foreclosures will be a factor impacting home values in the next several years. In San Jose Metro 0.6 homes are foreclosed (per 10,000). This is lower than the California value of 2.0 and also lower than the national value of 3.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in San Jose Metro is 4.1%, which is lower than the national value of 6.3%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of San Jose Metro homeowners underwater on their mortgage is 4.0%, which is lower than California at 11.6%.

Read more
Relative ZHVI
- +

San Jose Metro Market Overview

Data through Mar 31, 2015
  • $863,800 ZHVI
  • 5.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $726,500 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

San Jose Metro Market Health

Data through Mar 31, 2015
  • 9.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • 41 Average days on Zillow (Feb 28, 2015)
  • 4.0% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 4.1% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

0.6 homes San Jose Metro
2 homes California
3 homes United States
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

Cities in San Jose Metro

Name Median ZHVI
Palo Alto $1,944,200
Cupertino $1,472,100
Mountain View $1,075,100
Name Median ZHVI
Sunnyvale $1,019,400
Santa Clara $766,800
San Jose $689,000
Name Median ZHVI
Milpitas $680,300
Gilroy $559,200
Hollister $390,500

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $497 Median sale price / sq ft
  • No data Listings with price cut
9.4%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading

San Jose Metro Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $3,236 San Jose Metro
    $2,228 California
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,785 Rent list price
  • $2.79 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table

We are currently unable to retrieve data matching your current criteria.

loading