San Jose Home Sells for $1.39 Million in Competitive Market

UPDATE: A single-family residence in the 200 block of Moraga Way, San Jose has just been sold for $1,390,000 as of October 23, 2025. This sale, at a staggering $879 per square foot, underscores the fierce competition in the Bay Area housing market.

This 1,581-square-foot home, built in 1973, features a desirable layout with two bedrooms and two bathrooms. The property includes a cozy fireplace and an efficient heating system, making it an attractive option for potential buyers. Additionally, it offers two designated parking spots and sits on a generous 6,000-square-foot lot, providing ample outdoor space for relaxation and entertainment.

The recent sale adds to a string of lucrative property transactions in the area. Earlier in May 2024, a 1,158-square-foot home on Esteban Way sold for $1,360,000, translating to $1,174 per square foot. Another property on Solano Drive changed hands in August 2024 for $1,220,000, marking a price of $1,054 per square foot.

The demand for homes in San Jose remains high, driven by a combination of factors including limited inventory and strong buyer interest. A notable property on Viscaino Way was sold for $1,520,000 back in November 2022, which highlights the escalating property values in this sought-after region.

The Bay Area continues to be a focal point for real estate investment, with homes selling quickly and often above asking prices. As homes become increasingly valuable, this trend is likely to continue, impacting both buyers and local communities.

What’s next? Real estate experts are closely monitoring the market to see how these sales will influence pricing trends in the coming months. With the San Jose housing market showing no signs of slowing down, potential buyers and investors should stay vigilant for new opportunities.

This news was generated by the Bay Area Home Report Bot, utilizing data from public records filed with local county offices. For corrections or feedback, please contact [email protected].