Facebook
X
Pinterest
Copy Link
As spring gave way to summer, the real estate market in San Jose’s 95136 zip code started to settle into a more balanced pace. While demand remains healthy for single-family homes, townhomes, and condos, June brought a few noticeable changes that both buyers and sellers should pay attention to.
Home Prices Ease Slightly
After a busy and competitive spring season, home prices cooled just a bit in June. The average sale price dipped from $1.31 million in May to $1.28 million in June.
Sellers also appeared to adjust their expectations. The median list price slipped from $1.24 million in May to $1.21 million in June, suggesting that homeowners are pricing their properties more strategically as the summer market gets underway.
Rather than signaling a downturn, these small adjustments reflect a market that’s finding a healthier balance after months of intense competition.
Buyers Finally Catch a Small Break
If you’ve been house hunting lately, you know how challenging the spring market was. June offered a little relief.
The average sale-to-list price ratio dropped from 104.2% in May to 100.8% in June, meaning buyers were much more likely to purchase homes at—or very close to—the asking price instead of getting pulled into aggressive bidding wars.
Homes also took longer to sell. Average days on market increased from 19 days to 26 days, giving buyers a little more breathing room to tour homes, compare options, and make thoughtful decisions without feeling quite as rushed.
Homes Are Still Selling
Even though the pace slowed slightly, buyers are still very much in the market.
Closed sales actually increased from 25 homes in May to 27 homes in June, showing that demand remains steady. Homes are still selling—they’re just doing so at a more sustainable pace than we saw earlier this spring.
What This Means for You
For Buyers
This is one of the most balanced markets we’ve seen in recent months. With homes staying on the market a little longer and selling much closer to their list prices, buyers have a better opportunity to negotiate and make confident decisions without the pressure of constant bidding wars.
For Sellers
The market is still active, and well-prepared homes continue to attract buyers. The key difference now is pricing. Today’s buyers are paying close attention to value, so pricing your home correctly from the start is more important than ever. A well-priced home is still likely to generate strong interest, while an overpriced one may sit longer than expected.
Bottom Line
June’s numbers suggest that the 95136 market isn’t slowing down—it’s simply becoming more balanced. Buyers are gaining a little more leverage, sellers are adjusting expectations, and transactions continue to move at a healthy pace. For anyone planning a move this summer, it’s a market worth watching closely.
GET YOUR FREE HOME SELLING BOOK
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
