The South Bay housing market is a balanced market, scoring 55 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 2,483 homes for sale and 2.3 months of supply. Homes in South Bay sold for a median of $1,675,000, up 17.5% from the prior month, or $1,024 per square foot. The average sale price in South Bay was $18,869,000, above the median because a few high-priced homes pull the average up. The typical home goes under contract in 40 days, sales close at 100.0% of asking price and 48.5% of homes sell above list. 34.8% of active South Bay listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-10-09 and are based on 1,091 recorded sales and 2,483 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 1508 W Hedding St, San Jose | 4/1,907 | $1,468,000 | 2026-10-09 |
| 916 Franquette Ave, San Jose | 3/954 | $2,300,000 | 2026-10-09 |
| 11921 Ridge Vista Ave, San Jose | 3/1,357 | $685,000 | 2026-10-09 |
| 2728 Somerset Park Cir, San Jose | 1/677 | $465,000 | 2026-10-09 |
| 1511 Rosecrest Ter, San Jose | 4/2,310 | $2,495,000 | 2026-10-09 |
| 1567 Theo Dr, San Jose | 3/1,514 | $1,300,000 | 2026-10-09 |
| 3284 Faith Ct, San Jose | 3/1,326 | $1,205,000 | 2026-10-09 |
| 5705 Venado Ct, San Jose | 3/1,203 | $1,320,000 | 2026-10-09 |
South Bay is currently a balanced market, at 55 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 2.3 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in South Bay sold for $1,675,000 over the last 30 days. That is up 17.5% from the month before.
The average sale price in South Bay was $18,869,000, above the median because a few high-priced homes pull the average up. The median ($1,675,000) is the middle sale, so it better reflects a typical home; the average is the total of all prices divided by the number of sales.
Homes in South Bay take a median of 40 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 40 days is worth a second look on price.
Homes in South Bay close at a median of 100.0% of their asking price, and 48.5% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 2,483 homes actively for sale in South Bay, about 2.3 months of supply at the current sales pace.