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If you’ve been keeping an eye on the 95125 real estate market, June delivered one of the biggest surprises of the year.
The average home sold for $2.38 million, making it the highest average sales price we’ve seen in 2026. That’s a 10% jump over the previous three-month average and a noticeable increase from May’s $2.10 million average. It’s another reminder that well-priced, desirable homes are still attracting serious buyers.
What’s especially interesting is that sellers aren’t necessarily starting with higher asking prices. In fact, the median list price dipped to $1.64 million, down slightly from both May and the previous three-month average. That tells us buyers are continuing to compete for the right homes, pushing final sale prices well above where many properties begin.
There is a bit of good news for buyers, though. The bidding frenzy has eased just enough to create a little breathing room. Homes sold for an average of 102.3% of the asking price in June. While that’s still above list price, it’s less aggressive than the spring peak, when buyers were routinely paying nearly 6% over asking.
The pace of the market also remains impressive. Forty-six homes closed in June, keeping sales activity strong even as we moved into summer. Most homes found a buyer in just 19 days, which means quality listings continue to move quickly.
What does this mean if you’re thinking about making a move?
For sellers, the market continues to reward homes that are priced well and presented thoughtfully. Buyers are still willing to pay a premium when they find a home that checks the right boxes.
For buyers, there are signs that competition is becoming a little more balanced. Asking prices have softened slightly, and bidding wars aren’t quite as intense as they were earlier this spring. That doesn’t mean it’s easy—but it does mean there may be more opportunities if you’re prepared and ready to act quickly.
As we move further into the summer market, it will be interesting to see whether prices continue climbing or begin to level out. Either way, 95125 remains one of Silicon Valley’s most resilient and competitive neighborhoods.
If you’re wondering what these trends mean for your home’s value—or if you’re planning to buy later this year—I’d be happy to help you understand what today’s market means for your specific situation.
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About the Author – Michelle Elliott
With over 20 years of experience navigating the fast-paced Silicon Valley market, I provide a strategic, results-driven approach to residential real estate. My career is built on a foundation of deep local expertise and a relentless commitment to my clients’ success, resulting in over $235 million in lifetime sales volume and a consistent ranking in the top 3% of agents in Santa Clara County and top 2% at Coldwell Banker. My expertise has been featured on KTVU Fox 2, Real Producers and the Willow Glen Resident. She is also the co-host of the San Jose Podcast “Say What You Want About Real Estate”
A Hyper-Local Expert with Global Reach
I specialize in San Jose, in the neighborhoods of Willow Glen (95125 & 95124) Cambrian Park and Almaden, Downtown San Jose/Japantown (95112) markets. As a certified Luxury Property Specialist with Coldwell Banker Realty, I combine high-end marketing strategies with granular neighborhood knowledge to help my clients achieve premium results.
The “Tiger” at the Negotiating Table
My clients have characterized me as a “tiger” at the negotiating table who remains “sweet and patient” with my clients throughout the process. I pride myself on being a fierce advocate for my buyers and sellers, ensuring the best possible terms in every transaction, and I strive to be the best Realtor in 95125! This balance, drive, and tenacity have earned me consistent 5-star ratings across Google, Zillow, Realtor.com, and Yelp.
Michelle Elliott
Michelle@michelleelliottrealtor.com
1712 Meridian Ave, Ste C, San Jose, CA
DRE 01777533
