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95125 Real Estate Market Update: A Strong Finish to Summer as Home Prices Soared
As summer came to a close, the 95125 housing market delivered a surprise.
While many people expect the real estate market to begin cooling after the busy spring and early summer months, September told a different story. Buyers remained active, more homes changed hands, and average sales prices climbed dramatically compared to August.
Whether you’re thinking about selling your home, buying your first property, or simply keeping an eye on your home’s value, here’s what stood out as we transitioned into fall.
Lower List Prices, Higher Sales Prices
One of the most interesting trends in September was the gap between where homes were listed and where they ultimately sold.
The median list price fell from $1.75 million in August to $1.52 million in September, suggesting that many sellers chose a more strategic pricing approach to attract buyers.
At the same time, the average sales price jumped from $1.91 million to $2.25 million—an impressive 18% increase in just one month.
At first glance, those numbers may seem contradictory, but they tell an important story. Pricing a home competitively can generate stronger interest, leading to multiple offers and higher final sale prices. It’s also likely that several luxury homes closed escrow during September, helping push the average sale price higher.
Buyers Stayed Active Heading Into Fall
Instead of slowing down after summer, buyer activity actually picked up.
The number of homes sold increased from 29 in August to 34 in September, showing that buyers were still eager to purchase before the end of the year.
Competition also remained healthy. Homes sold for an average of 100.8% of their list price, only slightly below August’s 101.2%. In other words, buyers were still willing to pay at or above asking price for homes that checked the right boxes.
Homes Continued to Sell Quickly
Although the pace slowed slightly, the market remained fast by almost any standard.
The average time on market increased from 19 days in August to 22 days in September. That gave buyers just a little more time to evaluate properties, but homes were still selling in a little over three weeks on average.
For sellers, that’s a sign that demand remains strong. For buyers, it reinforces the importance of being prepared to act when the right home becomes available.
What This Means for Sellers
If you’ve been wondering whether now is a good time to sell, September’s numbers offer plenty of encouragement.
Buyers continue to compete for well-priced homes, and the market is rewarding sellers who combine thoughtful pricing with excellent presentation and marketing. Today’s buyers are informed and selective, but they’re also willing to pay premium prices for homes that stand out.
What This Means for Buyers
The jump in average sales prices might seem intimidating, but it doesn’t tell the whole story.
The decline in median list prices shows that opportunities still exist across a variety of price points. Success in today’s market comes down to preparation—having financing in place, understanding current market conditions, and being ready to make a confident offer when the right property comes along.
Looking Ahead
September demonstrated that the 95125 market entered the fall season with impressive momentum. Higher average sales prices, increased sales activity, and homes continuing to sell quickly all point to a market that remains resilient despite seasonal shifts.
Real estate is always local, and every neighborhood has its own story. If you’re curious about what these trends mean for your home’s value—or if you’re planning to buy in the coming months—I’d be happy to help you understand your options and build a strategy that’s right for you.
The market is always changing, but having the right information can make all the difference.
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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
