ZIP 94022 Housing Market Report

Santa Clara Metro

Report period: May 2026

94022 Monthly Market Update – May 2026

ZIP 94022 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026

Executive Snapshot

Median Sale Price
$3,398,000
+3.0%
Median DOM (Sales)
20
−13.0%
New Listings (Sales)
8
−65.2%
Median Rent
$4,650
−2.1%
Median DOM (Rental)
8
0.0%
Total Rental Listings
15
−6.3%

Month-over-Month Movement

Median sale prices moved higher. Days on market improved. Rents softened. Rental inventory tightened.

What's Moving Fastest

  • Fastest selling: Single Family (11 DOM)
  • Fastest renting: Condo (1 DOM)
  • Strongest bedroom: 6 Beds ($8,988,000 median)

Sales Market Overview

Median Price
$3,398,000
+3.0%
Median DOM
20
−13.0%
New Listings
8
−65.2%
Inventory
84
+5.0%
  • Average Price: $3,882,414
  • Median Price: $3,398,000
  • Price Range: $699,999 – $9,428,888
  • Price per Sq Ft (Avg/Median): $1,656 / $1,643
  • Square Footage (Avg/Median): 2,346 / 1,840
  • Square Footage Range: 685 – 5,649
  • Days on Market (Avg/Median): 49 / 20
  • Days on Market Range: 2 – 353
  • New Listings: 8
  • Total Listings: 84

Sales by Property Type

Condo
Avg/Median Price$1,851,714 / $1,598,000Range$800,000 – $3,198,000Price per Sq Ft$1,475 / $1,395Sq Ft1,249 / 1,200DOM78 / 47New2Total25
Land
Avg/Median Price$3,585,428 / $4,000,000Range$699,999 – $5,250,000Price per Sq FtSq FtDOM76 / 59New0Total7
Single Family
Avg/Median Price$5,364,109 / $5,098,000Range$2,500,000 – $9,428,888Price per Sq Ft$1,815 / $1,776Sq Ft3,088 / 3,157DOM28 / 11New6Total45
Townhouse
Avg/Median Price$1,906,714 / $1,880,000Range$1,598,000 – $2,175,000Price per Sq Ft$1,277 / $1,279Sq Ft1,497 / 1,568DOM50 / 23New0Total7

Sales by Bedroom Count

1 Beds
Avg:$1,582,667Median:$1,398,000Range:$800,000 – $2,399,000PSF:$1,589 / $1,406Sq Ft:980 / 846DOM:131 / 67New:0Total:6
2 Beds
Avg:$2,161,407Median:$2,118,000Range:$998,000 – $3,698,000PSF:$1,553 / $1,399Sq Ft:1,387 / 1,270DOM:54 / 26New:2Total:22
3 Beds
Avg:$2,828,306Median:$2,175,000Range:$1,499,900 – $5,695,000PSF:$1,687 / $1,363Sq Ft:1,653 / 1,568DOM:38 / 23New:1Total:16
4 Beds
Avg:$5,820,389Median:$5,500,000Range:$3,400,000 – $8,595,000PSF:$1,751 / $1,798Sq Ft:3,423 / 3,157DOM:28 / 9New:4Total:18
5 Beds
Avg:$5,762,750Median:$5,588,000Range:$3,998,000 – $7,998,000PSF:$1,646 / $1,569Sq Ft:3,551 / 3,526DOM:24 / 11New:1Total:12
6 Beds
Avg:$8,268,296Median:$8,988,000Range:$6,388,000 – $9,428,888PSF:$1,845 / $1,926Sq Ft:4,532 / 4,630DOM:53 / 31New:0Total:3

Rental Market Overview

Median Rent
$4,650
−2.1%
Median DOM
8
0.0%
New Listings
1
Inventory
15
−6.3%
  • Average Rent: $5,201
  • Median Rent: $4,650
  • Rent Range: $2,000 – $9,595
  • Rent per Sq Ft (Avg/Median): $4 / $4
  • Square Footage (Avg/Median): 1,278 / 846
  • Square Footage Range: 526 – 3,920
  • Days on Market (Avg/Median): 38 / 8
  • Days on Market Range: 1 – 189
  • New Listings: 1
  • Total Listings: 15

Rentals by Property Type

Apartment
$4,300
Median DOM: 28
Inventory: 7
MoM: −2.1%
Condo
$2,495
Median DOM: 1
Inventory: 4
MoM: −2.1%
Single Family
$4,990
Median DOM: 19
Inventory: 3
MoM: −2.1%
Townhouse
$7,750
Median DOM: 1
Inventory: 1
MoM: −2.1%
Apartment
Avg/Median Rent$5,384 / $4,300Range$3,395 – $7,676Rent per Sq Ft$5 / $5Sq Ft938 / 845DOM67 / 28New0Total7
Condo
Avg/Median Rent$3,935 / $2,495Range$2,000 – $6,595Rent per Sq Ft$4 / $4Sq Ft982 / 756DOM7 / 1New1Total4
Single Family
Avg/Median Rent$5,612 / $4,990Range$2,250 – $9,595Rent per Sq Ft$3 / $4Sq Ft1,932 / 1,350DOM34 / 19New0Total3
Townhouse
Avg/Median Rent$7,750 / $7,750Range$7,750 – $7,750Rent per Sq Ft$4 / $4Sq Ft2,198 / 2,198DOM1 / 1New0Total1

Rentals by Bedroom Count

1 Beds
Avg:$4,215Median:$4,000Range:$2,000 – $7,676PSF:$5 / $5Sq Ft:715 / 756DOM:63 / 28New:0Total:9
2 Beds
Avg:$4,650Median:$4,650Range:$4,650 – $4,650PSF:$4 / $4Sq Ft:1,088 / 1,088DOM:1 / 1New:1Total:1
3 Beds
Avg:$6,459Median:$6,500Range:$4,990 – $7,750PSF:$4 / $4Sq Ft:1,649 / 1,505DOM:7 / 1New:0Total:4
6 Beds
Avg:$9,595Median:$9,595Range:$9,595 – $9,595PSF:$2 / $2Sq Ft:3,920 / 3,920DOM:1 / 1New:0Total:1

6-Month Sales Trend

Dec 2025
Median Price:$3,298,000Median DOM:62New:1Total:50
Jan 2026
Median Price:$3,988,000Median DOM:23New:27Total:53
Feb 2026
Median Price:$2,788,000Median DOM:26New:19Total:64
Mar 2026
Median Price:$3,098,000Median DOM:19New:26Total:80
Apr 2026
Median Price:$3,299,000Median DOM:23New:23Total:80
May 2026
Median Price:$3,398,000Median DOM:20New:8Total:84

6-Month Rental Trend

Dec 2025
Median Rent:$5,900Median DOM:1New:5Total:16
Jan 2026
Median Rent:$6,275Median DOM:41New:3Total:12
Feb 2026
Median Rent:$5,800Median DOM:1New:5Total:12
Mar 2026
Median Rent:$6,495Median DOM:1New:6Total:13
Apr 2026
Median Rent:$4,750Median DOM:8New:8Total:16
May 2026
Median Rent:$4,650Median DOM:8New:1Total:15

Key Market Takeaways

Median sale prices moved higher this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing eased, while total rental inventory tightened.

Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.

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