San Jose 95110 Condo Market Update – January 2026

   If you’ve spent any time searching for condos in Downtown San Jose, you already know how confusing the headlines can be. One week it feels like the market is turning, the next it sounds like prices are about to surge again. This is exactly why I publish local, condo-specific updates like this for my clients.

   I specialize in San Jose condos and high-rise living, and I track this market week by week, not just when someone is ready to make a move. Below is a clear, honest look at what’s happening right now in the San Jose 95110 condo and townhome market, and how I’m advising buyers and sellers to navigate it. - 

   As of mid-January 2026, the Market Action Index sits at 40, placing the area in a slight seller’s advantage. We’ve seen consistent cooling over the past several weeks and even months, but prices have not meaningfully dropped yet. Inventory remains extremely tight, with just 8 condos and townhomes actively for sale, which continues to support values even as buyer urgency softens.

The Big Picture, Cooling, But Still Leaning Seller

   This is not a red-hot market, but it is also not a buyer’s market. Low inventory continues to act as a buffer against major price declines. In markets like this, timing matters less than strategy, especially when it comes to pricing and preparation.

Current Condo Pricing in San Jose 95110

Here’s where the numbers currently land:

Median list price: $858,944
Median price per square foot: $690
Median rent: $3,110

   One key detail I watch closely is price per square foot. While list prices have bounced slightly, price per square foot has remained relatively flat. That typically tells us newer listings are larger or more upgraded, not that buyers are paying more for the same space. Value is holding steady.

Days on Market, Slower, But Not Stalled

Condos in this zip code are taking longer to sell compared to the peak years:

Average days on market: 130
Median days on market: 102

   This doesn’t mean condos are sitting unsold indefinitely. Buyers are simply more selective. Well-priced, well-presented units still attract serious interest, while overpriced or dated condos tend to linger.

Price Adjustments Are Part of Today’s Market

This is an important reality check for sellers:

38% of active listings have reduced their price
25% of listings were relisted
0% of listings have increased in price

   This is no longer a market where you can test a high number and expect buyers to chase it. The strongest results are coming from condos that are positioned correctly from day one.

How the Market Breaks Down by Price Range

Looking at price segments helps explain buyer behavior:

Entry-level condos around $494,500: Smaller one-bedroom units, typically older, averaging about 129 days on market.

Mid-range condos from $738,500 to $944,944: Two-bedroom units that move faster when priced correctly, often selling in roughly 60 to 70 days.

Upper-end condos above $1.4M: These naturally take longer, averaging around 120 days, which is typical for higher price points.

   Demand still exists across all segments, but buyers are negotiating more carefully and paying close attention to value.

What This Means for Buyers

   For buyers, this is one of the more balanced opportunities we’ve seen in years. Competition is lower, bidding wars are less common, and there may be room to negotiate, especially on condos that have been on the market for a few months.

   That said, inventory remains limited. The best units in well-run buildings still sell first, which is why preparation matters.

What This Means for Sellers

   For sellers, this market rewards realistic pricing and strong presentation. Condos that show well, are marketed professionally, and are priced in line with current data continue to attract qualified buyers.

   Overpricing almost always leads to longer days on market and eventual reductions.

Final Thoughts

   I work with condo buyers and sellers across Downtown San Jose every day, and what I’m seeing in 95110 is a market driven by details, not hype. Building reputation, HOA health, floor plan efficiency, parking, and pricing strategy often matter more than broader market headlines.

   If you’re buying, this is a window where thoughtful decisions can pay off. If you’re selling, success today comes from positioning your condo correctly from the very beginning.

   If you’d like a building-specific analysis, a realistic value range for your condo, or guidance on which Downtown San Jose buildings are holding value best right now, I’m happy to help.

Written by a San Jose-based Realtor David Contreras who specializes in condos, lofts, and Downtown high-rise living.