39Alpha

San Jose, CA metro area Housing Market Brief

metro · CA · as of August 2026

Buyer's

What is San Jose, CA metro area’s Alpha Score?

The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.

Price Momentum20%
+17.968
Inventory Health25%
+9.935
Affordability20%
+0.62
Economic Strength20%
45
Rental Yield15%
47

Where is San Jose, CA metro area in its market cycle?

EmergingGrowingMaturePeakingDecliningRecovering

San Jose, CA metro area is classified as Recovering turning back up after a downturn. This is a classification of recent (1–12 month) momentum, not a price forecast.

What’s the forecast for San Jose, CA metro area?

Our model forecasts San Jose, CA metro area’s home prices to rise about 3.0% over the next 12 months (high confidence).

This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.

San Jose, CA metro area housing market data

MetricValueYoY
Median Sale Price$1.5M-4%
Median Days on Market40 days▲ +8.1%
Months of Supply1.9▲ +5.6%
Homes for Sale2,016▲ +11.3%
Homes Sold992▲ +3.1%
Median Price / Sq Ft$893-5.4%

How has San Jose, CA metro area’s Alpha Score moved?

Now: 39
12-period trend
Median sale price · 12 mo

Markets like San Jose, CA metro area

Frequently asked questions

Is San Jose, CA metro area a buyer's or seller's market?

As of August 2026, San Jose, CA metro area is classified as a Buyer's Market, based on its Alpha Score of 39 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.

Are home prices rising or falling in San Jose, CA metro area?

The median sale price in San Jose, CA metro area is $1.5M, having fallen 4% over the past year.

How affordable is San Jose, CA metro area?

San Jose, CA metro area scores 2 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.

What's driving San Jose, CA metro area's Alpha Score?

San Jose, CA metro area's strongest dimension is Price Momentum (68/100) and its weakest is Affordability (2/100). The Alpha Score is a weighted blend of all five dimensions.

Want the live, interactive view of San Jose, CA metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.