ZIP 94040 Housing Market Report
Santa Clara Metro
Report period: July 2026
94040 Monthly Market Update – July 2026
ZIP 94040 · Last updated Jul 10, 2026 · Data range Feb 2026 – Jul 2026
Executive Snapshot
Median Sale Price
$1,533,485
−0.7%
Median DOM (Sales)
34
+9.7%
New Listings (Sales)
2
−89.5%
Median Rent
$4,009
+3.5%
Median DOM (Rental)
18
+20.0%
Total Rental Listings
147
−2.6%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (14 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 6 Beds ($4,090,000 median)
Sales Market Overview
Median Price
$1,533,485
−0.7%
Median DOM
34
+9.7%
New Listings
2
−89.5%
Inventory
67
−8.2%
- Average Price: $1,917,919
- Median Price: $1,533,485
- Price Range: $178,000 – $5,595,000
- Price per Sq Ft (Avg/Median): $1,179 / $1,050
- Square Footage (Avg/Median): 1,470 / 1,292
- Square Footage Range: 551 – 3,237
- Days on Market (Avg/Median): 48 / 34
- Days on Market Range: 2 – 354
- New Listings: 2
- Total Listings: 67
Sales by Property Type
Condo
Avg/Median Price$767,856 / $725,000Range$399,000 – $1,533,485Price per Sq Ft$792 / $749Sq Ft972 / 959DOM60 / 62New2Total26
Manufactured
Avg/Median Price$318,225 / $350,000Range$178,000 – $385,000Price per Sq Ft$319 / $318Sq Ft981 / 1,000DOM114 / 19New0Total4
Multi-Family
Avg/Median Price$1,743,712 / $1,655,575Range$1,655,575 – $1,831,850Price per Sq Ft$1,091 / $1,079Sq Ft1,600 / 1,502DOM15 / 14New0Total2
Single Family
Avg/Median Price$3,274,244 / $3,198,000Range$1,299,000 – $5,595,000Price per Sq Ft$1,690 / $1,694Sq Ft1,973 / 1,797DOM31 / 27New0Total29
Townhouse
Avg/Median Price$1,470,483 / $1,390,000Range$1,045,000 – $1,798,000Price per Sq Ft$992 / $994Sq Ft1,479 / 1,472DOM40 / 29New0Total6
Sales by Bedroom Count
1 Beds
Avg:$576,500Median:$555,000Range:$178,000 – $900,000PSF:$753 / $729Sq Ft:758 / 811DOM:70 / 67New:0Total:10
2 Beds
Avg:$962,503Median:$785,000Range:$359,900 – $1,998,000PSF:$818 / $775Sq Ft:1,148 / 1,140DOM:62 / 43New:2Total:22
3 Beds
Avg:$1,972,188Median:$1,741,950Range:$350,000 – $3,200,000PSF:$1,429 / $1,160Sq Ft:1,379 / 1,360DOM:34 / 25New:0Total:14
4 Beds
Avg:$3,416,936Median:$3,295,000Range:$1,299,000 – $5,595,000PSF:$1,607 / $1,590Sq Ft:2,115 / 2,059DOM:34 / 36New:0Total:18
5 Beds
Avg:$3,895,000Median:$3,895,000Range:$3,895,000 – $3,895,000PSF:$1,391 / $1,391Sq Ft:2,801 / 2,801DOM:8 / 8New:0Total:1
6 Beds
Avg:$4,275,000Median:$4,090,000Range:$4,090,000 – $4,460,000PSF:$1,579 / $1,381Sq Ft:2,736 / 2,509DOM:27 / 20New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $576,500 | $555,000 | $178,000 – $900,000 | $753 / $729 | 758 / 811 | 70 / 67 | 0 | 10 |
| 2 Beds | $962,503 | $785,000 | $359,900 – $1,998,000 | $818 / $775 | 1,148 / 1,140 | 62 / 43 | 2 | 22 |
| 3 Beds | $1,972,188 | $1,741,950 | $350,000 – $3,200,000 | $1,429 / $1,160 | 1,379 / 1,360 | 34 / 25 | 0 | 14 |
| 4 Beds | $3,416,936 | $3,295,000 | $1,299,000 – $5,595,000 | $1,607 / $1,590 | 2,115 / 2,059 | 34 / 36 | 0 | 18 |
| 5 Beds | $3,895,000 | $3,895,000 | $3,895,000 – $3,895,000 | $1,391 / $1,391 | 2,801 / 2,801 | 8 / 8 | 0 | 1 |
| 6 Beds | $4,275,000 | $4,090,000 | $4,090,000 – $4,460,000 | $1,579 / $1,381 | 2,736 / 2,509 | 27 / 20 | 0 | 2 |
Rental Market Overview
Median Rent
$4,009
+3.5%
Median DOM
18
+20.0%
New Listings
13
Inventory
147
−2.6%
- Average Rent: $4,263
- Median Rent: $4,009
- Rent Range: $800 – $9,817
- Rent per Sq Ft (Avg/Median): $5 / $5
- Square Footage (Avg/Median): 872 / 795
- Square Footage Range: 270 – 2,493
- Days on Market (Avg/Median): 50 / 18
- Days on Market Range: 1 – 359
- New Listings: 13
- Total Listings: 147
Rentals by Property Type
Apartment
$3,901
Median DOM: 29
Inventory: 119
MoM: +3.5%
Condo
$2,440
Median DOM: 2
Inventory: 8
MoM: +3.5%
Single Family
$5,495
Median DOM: 1
Inventory: 18
MoM: +3.5%
Townhouse
$3,750
Median DOM: 5
Inventory: 2
MoM: +3.5%
Apartment
Avg/Median Rent$4,148 / $3,901Range$800 – $9,817Rent per Sq Ft$5 / $5Sq Ft768 / 766DOM64 / 29New7Total119
Condo
Avg/Median Rent$2,884 / $2,440Range$1,800 – $5,200Rent per Sq Ft$4 / $3Sq Ft835 / 756DOM11 / 2New1Total8
Single Family
Avg/Median Rent$5,578 / $5,495Range$1,200 – $8,950Rent per Sq Ft$4 / $4Sq Ft1,511 / 1,300DOM3 / 1New5Total18
Townhouse
Avg/Median Rent$4,775 / $3,750Range$3,750 – $5,800Rent per Sq Ft$3 / $3Sq Ft1,606 / 1,487DOM13 / 5New0Total2
Rentals by Bedroom Count
Studio
Avg:$3,066Median:$2,803Range:$1,995 – $4,199PSF:$7 / $7Sq Ft:445 / 475DOM:65 / 13New:1Total:11
1 Beds
Avg:$3,745Median:$3,669Range:$800 – $8,791PSF:$5 / $5Sq Ft:710 / 734DOM:53 / 29New:4Total:87
2 Beds
Avg:$5,081Median:$5,011Range:$1,200 – $9,817PSF:$5 / $5Sq Ft:1,030 / 1,067DOM:67 / 6New:3Total:31
3 Beds
Avg:$4,997Median:$5,200Range:$2,057 – $6,500PSF:$4 / $4Sq Ft:1,340 / 1,392DOM:4 / 1New:3Total:11
4 Beds
Avg:$7,803Median:$8,500Range:$5,770 – $8,950PSF:$4 / $4Sq Ft:2,119 / 2,173DOM:6 / 1New:2Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $3,066 | $2,803 | $1,995 – $4,199 | $7 / $7 | 445 / 475 | 65 / 13 | 1 | 11 |
| 1 Beds | $3,745 | $3,669 | $800 – $8,791 | $5 / $5 | 710 / 734 | 53 / 29 | 4 | 87 |
| 2 Beds | $5,081 | $5,011 | $1,200 – $9,817 | $5 / $5 | 1,030 / 1,067 | 67 / 6 | 3 | 31 |
| 3 Beds | $4,997 | $5,200 | $2,057 – $6,500 | $4 / $4 | 1,340 / 1,392 | 4 / 1 | 3 | 11 |
| 4 Beds | $7,803 | $8,500 | $5,770 – $8,950 | $4 / $4 | 2,119 / 2,173 | 6 / 1 | 2 | 7 |
6-Month Sales Trend
Feb 2026
Median Price:$1,649,000Median DOM:9New:35Total:60
Mar 2026
Median Price:$1,798,000Median DOM:10New:38Total:83
Apr 2026
Median Price:$1,741,950Median DOM:14New:35Total:89
May 2026
Median Price:$1,672,115Median DOM:18New:26Total:92
Jun 2026
Median Price:$1,545,000Median DOM:31New:19Total:73
Jul 2026
Median Price:$1,533,485Median DOM:34New:2Total:67
6-Month Rental Trend
Feb 2026
Median Rent:$3,602Median DOM:22New:32Total:138
Mar 2026
Median Rent:$3,614Median DOM:28New:29Total:141
Apr 2026
Median Rent:$3,795Median DOM:24New:40Total:156
May 2026
Median Rent:$3,801Median DOM:20New:47Total:169
Jun 2026
Median Rent:$3,875Median DOM:15New:28Total:151
Jul 2026
Median Rent:$4,009Median DOM:18New:13Total:147
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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