In October, home prices fell slightly from the month before, with a median listing price of $1,193,694.

The number of listings on the market shrank 4.9% from last month, which is a bigger decrease than normal for this time of the year in San Jose, and homes are also selling slower than at the same time last year.

Home prices in San Jose

Typically, home price per square foot in San Jose tend to fall in October. But the most recent data shows that the price per square foot increased by 0.9% compared with the month before.

So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in the Capital of Silicon Valley are outpacing the national market.

San Jose inventory

In October, there were 783 homes for sale in San Jose, which was 4.9% less than the month before and 18.2% more than the same time last year.

Meanwhile, active inventory across the nation remained practically unchanged from last month to 1,100,001.

The number of new listings in San Jose was 496, which was 21.5% less than the month before and 6.1% less than the same time last year.

Nationally, the number of new listings fell by 2.7% from last month to 384,264.

Time on market

Homes in San Jose take an average of 36 days to sell, according to October figures.

This is one day more than the previous month and seven days more than the same month last year.

For comparison, nationally homes spent an average of 63 days on the market in October.

Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.

* Here’s a live look at popular listings and recent home sales in San Jose, CA.

Most popular listings in San Jose, CA