The South Bay housing market is a balanced market, scoring 55 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 2,448 homes for sale and 3.2 months of supply. Homes in South Bay sold for a median of $1,428,000 — about flat versus the prior month, or $886 per square foot. The typical home goes under contract in 42 days, sales close at 100.0% of asking price and 46.9% of homes sell above list. 24.6% of active South Bay listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-08-25 and are based on 767 recorded sales and 2,448 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 793 Sweetwater Way, San Jose | 4/1,596 | $935,000 | 2026-08-24 |
| 2369 Mammoth Dr, San Jose | 8/3,104 | $1,300,000 | 2026-08-24 |
| 1087 Mountain Shadows Rd, San Jose | 4/2,825 | $2,445,000 | 2026-08-24 |
| 8422 Chenin Blanc Ln, San Jose | 2/1,803 | $899,000 | 2026-08-24 |
| 3382 Mount Madonna Dr, San Jose | 3/1,455 | $1,010,000 | 2026-08-24 |
| 411 Lewis Rd Spc 427, San Jose | 2/1,368 | $235,000 | 2026-08-24 |
| 3367 Calico Ave, San Jose | 3/1,127 | $1,535,000 | 2026-08-24 |
| 3111 Lake Albano Cir, San Jose | 3/1,679 | $750,000 | 2026-08-24 |
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 3.2 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in South Bay sold for $1,428,000 over the last 30 days. That is roughly unchanged from the month before.
Homes in South Bay take a median of 42 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 42 days is worth a second look on price.
Homes in South Bay close at a median of 100.0% of their asking price, and 46.9% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 2,448 homes actively for sale in South Bay, about 3.2 months of supply at the current sales pace.