ZIP 94040 Housing Market Report
Santa Clara Metro
Report period: August 2026
94040 Monthly Market Update – August 2026
ZIP 94040 · Last updated Aug 9, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,672,115
−1.6%
Median DOM (Sales)
24
0.0%
New Listings (Sales)
3
−89.7%
Median Rent
$4,005
+1.2%
Median DOM (Rental)
20
−4.8%
Total Rental Listings
123
−2.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Multi-Family (12 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 4 Beds ($3,295,000 median)
Sales Market Overview
Median Price
$1,672,115
−1.6%
Median DOM
24
0.0%
New Listings
3
−89.7%
Inventory
77
−3.8%
- Average Price: $1,900,994
- Median Price: $1,672,115
- Price Range: $178,000 – $5,650,000
- Price per Sq Ft (Avg/Median): $1,155 / $1,037
- Square Footage (Avg/Median): 1,527 / 1,290
- Square Footage Range: 551 – 3,237
- Days on Market (Avg/Median): 39 / 24
- Days on Market Range: 3 – 150
- New Listings: 3
- Total Listings: 77
Sales by Property Type
Condo
Avg/Median Price$712,260 / $699,999Range$399,000 – $1,195,000Price per Sq Ft$730 / $698Sq Ft982 / 959DOM61 / 62New1Total28
Manufactured
Avg/Median Price$295,967 / $350,000Range$178,000 – $359,900Price per Sq Ft$314 / $318Sq Ft924 / 1,000DOM17 / 15New0Total3
Multi-Family
Avg/Median Price$2,158,940 / $2,042,788Range$1,421,595 – $2,800,000Price per Sq Ft$1,139 / $1,128Sq Ft1,954 / 1,749DOM13 / 12New1Total9
Single Family
Avg/Median Price$3,154,404 / $2,998,000Range$1,599,000 – $5,650,000Price per Sq Ft$1,680 / $1,600Sq Ft1,937 / 1,790DOM31 / 24New0Total30
Townhouse
Avg/Median Price$1,640,398 / $1,695,000Range$1,349,900 – $1,895,000Price per Sq Ft$990 / $994Sq Ft1,658 / 1,648DOM24 / 23New1Total7
Sales by Bedroom Count
1 Beds
Avg:$551,182Median:$540,000Range:$178,000 – $900,000PSF:$716 / $724Sq Ft:766 / 811DOM:66 / 88New:1Total:11
2 Beds
Avg:$967,670Median:$750,000Range:$359,900 – $1,998,000PSF:$818 / $739Sq Ft:1,155 / 1,140DOM:46 / 34New:0Total:25
3 Beds
Avg:$2,199,412Median:$2,399,000Range:$350,000 – $3,200,000PSF:$1,579 / $1,588Sq Ft:1,427 / 1,485DOM:30 / 19New:0Total:17
4 Beds
Avg:$3,308,155Median:$3,295,000Range:$1,599,000 – $5,650,000PSF:$1,490 / $1,562Sq Ft:2,196 / 2,059DOM:30 / 26New:2Total:18
5 Beds
Avg:$3,347,500Median:$2,800,000Range:$2,800,000 – $3,895,000PSF:$1,259 / $1,128Sq Ft:2,642 / 2,482DOM:10 / 8New:0Total:2
6 Beds
Avg:$3,122,500Median:$2,800,000Range:$2,800,000 – $4,090,000PSF:$1,111 / $1,024Sq Ft:2,797 / 2,734DOM:18 / 12New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $551,182 | $540,000 | $178,000 – $900,000 | $716 / $724 | 766 / 811 | 66 / 88 | 1 | 11 |
| 2 Beds | $967,670 | $750,000 | $359,900 – $1,998,000 | $818 / $739 | 1,155 / 1,140 | 46 / 34 | 0 | 25 |
| 3 Beds | $2,199,412 | $2,399,000 | $350,000 – $3,200,000 | $1,579 / $1,588 | 1,427 / 1,485 | 30 / 19 | 0 | 17 |
| 4 Beds | $3,308,155 | $3,295,000 | $1,599,000 – $5,650,000 | $1,490 / $1,562 | 2,196 / 2,059 | 30 / 26 | 2 | 18 |
| 5 Beds | $3,347,500 | $2,800,000 | $2,800,000 – $3,895,000 | $1,259 / $1,128 | 2,642 / 2,482 | 10 / 8 | 0 | 2 |
| 6 Beds | $3,122,500 | $2,800,000 | $2,800,000 – $4,090,000 | $1,111 / $1,024 | 2,797 / 2,734 | 18 / 12 | 0 | 4 |
Rental Market Overview
Median Rent
$4,005
+1.2%
Median DOM
20
−4.8%
New Listings
14
Inventory
123
−2.4%
- Average Rent: $4,266
- Median Rent: $4,005
- Rent Range: $800 – $9,000
- Rent per Sq Ft (Avg/Median): $5 / $5
- Square Footage (Avg/Median): 892 / 795
- Square Footage Range: 270 – 2,493
- Days on Market (Avg/Median): 47 / 20
- Days on Market Range: 1 – 312
- New Listings: 14
- Total Listings: 123
Rentals by Property Type
Apartment
$3,959
Median DOM: 48
Inventory: 96
MoM: +1.2%
Condo
$2,595
Median DOM: 1
Inventory: 8
MoM: +1.2%
Single Family
$6,056
Median DOM: 1
Inventory: 16
MoM: +1.2%
Townhouse
$6,350
Median DOM: 3
Inventory: 3
MoM: +1.2%
Apartment
Avg/Median Rent$4,023 / $3,959Range$800 – $8,388Rent per Sq Ft$5 / $5Sq Ft774 / 755DOM63 / 48New7Total96
Condo
Avg/Median Rent$3,046 / $2,595Range$1,800 – $5,200Rent per Sq Ft$4 / $4Sq Ft841 / 763DOM11 / 1New2Total8
Single Family
Avg/Median Rent$6,094 / $6,056Range$1,200 – $9,000Rent per Sq Ft$4 / $4Sq Ft1,499 / 1,400DOM3 / 1New4Total16
Townhouse
Avg/Median Rent$5,550 / $6,350Range$3,100 – $7,200Rent per Sq Ft$4 / $4Sq Ft1,554 / 1,809DOM7 / 3New1Total3
Rentals by Bedroom Count
Studio
Avg:$3,315Median:$3,695Range:$2,095 – $4,199PSF:$8 / $7Sq Ft:433 / 475DOM:78 / 10New:1Total:9
1 Beds
Avg:$3,610Median:$3,611Range:$800 – $8,388PSF:$5 / $5Sq Ft:706 / 725DOM:63 / 55New:5Total:70
2 Beds
Avg:$4,669Median:$4,497Range:$1,200 – $6,826PSF:$5 / $5Sq Ft:1,006 / 1,000DOM:36 / 13New:3Total:25
3 Beds
Avg:$5,884Median:$5,995Range:$4,720 – $6,800PSF:$4 / $5Sq Ft:1,396 / 1,396DOM:3 / 1New:2Total:11
4 Beds
Avg:$7,592Median:$7,200Range:$6,290 – $9,000PSF:$4 / $4Sq Ft:1,970 / 2,084DOM:4 / 1New:3Total:8
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $3,315 | $3,695 | $2,095 – $4,199 | $8 / $7 | 433 / 475 | 78 / 10 | 1 | 9 |
| 1 Beds | $3,610 | $3,611 | $800 – $8,388 | $5 / $5 | 706 / 725 | 63 / 55 | 5 | 70 |
| 2 Beds | $4,669 | $4,497 | $1,200 – $6,826 | $5 / $5 | 1,006 / 1,000 | 36 / 13 | 3 | 25 |
| 3 Beds | $5,884 | $5,995 | $4,720 – $6,800 | $4 / $5 | 1,396 / 1,396 | 3 / 1 | 2 | 11 |
| 4 Beds | $7,592 | $7,200 | $6,290 – $9,000 | $4 / $4 | 1,970 / 2,084 | 4 / 1 | 3 | 8 |
6-Month Sales Trend
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:$1,699,000Median DOM:24New:29Total:80
Aug 2026
Median Price:$1,672,115Median DOM:24New:3Total:77
6-Month Rental Trend
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:$3,958Median DOM:21New:29Total:126
Aug 2026
Median Rent:$4,005Median DOM:20New:14Total:123
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market were unchanged, signaling steady 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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