ZIP 95116 Housing Market Report
Santa Clara Metro
Report period: May 2026
95116 Monthly Market Update – May 2026
ZIP 95116 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$950,000
+2.7%
Median DOM (Sales)
35
+9.4%
New Listings (Sales)
8
−66.7%
Median Rent
$2,495
−3.1%
Median DOM (Rental)
19
−5.0%
Total Rental Listings
27
+8.0%
Month-over-Month Movement
Median sale prices moved higher. Days on market lengthened. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (18 DOM)
- Fastest renting: Single Family (5 DOM)
- Strongest bedroom: 8 Beds ($1,550,000 median)
Sales Market Overview
Median Price
$950,000
+2.7%
Median DOM
35
+9.4%
New Listings
8
−66.7%
Inventory
87
−3.3%
- Average Price: $954,844
- Median Price: $950,000
- Price Range: $99,900 – $5,195,000
- Price per Sq Ft (Avg/Median): $652 / $615
- Square Footage (Avg/Median): 1,418 / 1,200
- Square Footage Range: 297 – 3,669
- Days on Market (Avg/Median): 53 / 35
- Days on Market Range: 1 – 288
- New Listings: 8
- Total Listings: 87
Sales by Property Type
Condo
Avg/Median Price$552,326 / $560,000Range$376,000 – $719,000Price per Sq Ft$599 / $584Sq Ft926 / 974DOM46 / 40New1Total14
Land
Avg/Median Price$3,250,000 / $3,250,000Range$3,250,000 – $3,250,000Price per Sq Ft—Sq Ft—DOM288 / 288New0Total1
Manufactured
Avg/Median Price$159,829 / $139,990Range$99,900 – $260,000Price per Sq Ft$312 / $311Sq Ft551 / 480DOM128 / 137New0Total9
Multi-Family
Avg/Median Price$1,609,761 / $1,490,000Range$829,000 – $5,195,000Price per Sq Ft$661 / $560Sq Ft2,428 / 2,352DOM39 / 18New0Total13
Single Family
Avg/Median Price$1,086,665 / $1,050,000Range$759,000 – $1,998,000Price per Sq Ft$774 / $752Sq Ft1,514 / 1,462DOM37 / 31New5Total39
Townhouse
Avg/Median Price$667,596 / $649,000Range$399,888 – $888,000Price per Sq Ft$549 / $571Sq Ft1,222 / 1,091DOM56 / 27New2Total11
Sales by Bedroom Count
1 Beds
Avg:$230,706Median:$139,990Range:$99,900 – $439,900PSF:$438 / $374Sq Ft:494 / 386DOM:136 / 117New:1Total:8
2 Beds
Avg:$654,381Median:$615,000Range:$179,000 – $1,288,888PSF:$667 / $589Sq Ft:987 / 976DOM:51 / 36New:2Total:26
3 Beds
Avg:$899,546Median:$988,888Range:$179,900 – $1,149,999PSF:$677 / $695Sq Ft:1,343 / 1,271DOM:33 / 30New:1Total:23
4 Beds
Avg:$1,128,422Median:$1,100,000Range:$979,888 – $1,400,000PSF:$724 / $689Sq Ft:1,628 / 1,500DOM:46 / 24New:2Total:13
5 Beds
Avg:$1,403,500Median:$1,495,000Range:$938,000 – $1,998,000PSF:$707 / $621Sq Ft:2,046 / 1,826DOM:23 / 15New:0Total:6
6 Beds
Avg:$1,014,296Median:$1,049,000Range:$925,000 – $1,068,888PSF:$431 / $418Sq Ft:2,385 / 2,212DOM:20 / 5New:2Total:3
7 Beds
Avg:$1,460,000Median:$1,420,000Range:$1,420,000 – $1,500,000PSF:$499 / $439Sq Ft:2,979 / 2,538DOM:56 / 16New:0Total:2
8 Beds
Avg:$2,243,778Median:$1,550,000Range:$1,388,888 – $5,195,000PSF:$734 / $493Sq Ft:2,981 / 3,104DOM:56 / 51New:0Total:5
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $230,706 | $139,990 | $99,900 – $439,900 | $438 / $374 | 494 / 386 | 136 / 117 | 1 | 8 |
| 2 Beds | $654,381 | $615,000 | $179,000 – $1,288,888 | $667 / $589 | 987 / 976 | 51 / 36 | 2 | 26 |
| 3 Beds | $899,546 | $988,888 | $179,900 – $1,149,999 | $677 / $695 | 1,343 / 1,271 | 33 / 30 | 1 | 23 |
| 4 Beds | $1,128,422 | $1,100,000 | $979,888 – $1,400,000 | $724 / $689 | 1,628 / 1,500 | 46 / 24 | 2 | 13 |
| 5 Beds | $1,403,500 | $1,495,000 | $938,000 – $1,998,000 | $707 / $621 | 2,046 / 1,826 | 23 / 15 | 0 | 6 |
| 6 Beds | $1,014,296 | $1,049,000 | $925,000 – $1,068,888 | $431 / $418 | 2,385 / 2,212 | 20 / 5 | 2 | 3 |
| 7 Beds | $1,460,000 | $1,420,000 | $1,420,000 – $1,500,000 | $499 / $439 | 2,979 / 2,538 | 56 / 16 | 0 | 2 |
| 8 Beds | $2,243,778 | $1,550,000 | $1,388,888 – $5,195,000 | $734 / $493 | 2,981 / 3,104 | 56 / 51 | 0 | 5 |
Rental Market Overview
Median Rent
$2,495
−3.1%
Median DOM
19
−5.0%
New Listings
3
Inventory
27
+8.0%
- Average Rent: $2,695
- Median Rent: $2,495
- Rent Range: $1,545 – $5,900
- Rent per Sq Ft (Avg/Median): $4 / $4
- Square Footage (Avg/Median): 828 / 650
- Square Footage Range: 400 – 2,697
- Days on Market (Avg/Median): 40 / 19
- Days on Market Range: 1 – 264
- New Listings: 3
- Total Listings: 27
Rentals by Property Type
Apartment
$2,200
Median DOM: 20
Inventory: 16
MoM: −3.1%
Condo
$1,850
Median DOM: 19
Inventory: 1
MoM: −3.1%
Single Family
$3,199
Median DOM: 5
Inventory: 9
MoM: −3.1%
Townhouse
$3,400
Median DOM: 63
Inventory: 1
MoM: −3.1%
Apartment
Avg/Median Rent$2,312 / $2,200Range$1,545 – $3,950Rent per Sq Ft$4 / $4Sq Ft650 / 620DOM34 / 20New3Total16
Condo
Avg/Median Rent$1,850 / $1,850Range$1,850 – $1,850Rent per Sq Ft$3 / $3Sq Ft633 / 633DOM19 / 19New0Total1
Single Family
Avg/Median Rent$3,390 / $3,199Range$1,800 – $5,900Rent per Sq Ft$3 / $4Sq Ft1,164 / 849DOM47 / 5New0Total9
Townhouse
Avg/Median Rent$3,400 / $3,400Range$3,400 – $3,400Rent per Sq Ft$3 / $3Sq Ft1,180 / 1,180DOM63 / 63New0Total1
Rentals by Bedroom Count
1 Beds
Avg:$2,101Median:$2,175Range:$1,545 – $2,715PSF:$4 / $4Sq Ft:575 / 607DOM:17 / 6New:3Total:15
2 Beds
Avg:$2,823Median:$2,795Range:$2,195 – $3,595PSF:$4 / $3Sq Ft:791 / 750DOM:45 / 25New:0Total:7
3 Beds
Avg:$3,767Median:$3,950Range:$3,400 – $3,950PSF:$3 / $3Sq Ft:1,162 / 1,180DOM:41 / 58New:0Total:3
4 Beds
Avg:$4,285Median:$4,285Range:$4,285 – $4,285PSF:$2 / $2Sq Ft:1,760 / 1,760DOM:264 / 264New:0Total:1
6 Beds
Avg:$5,900Median:$5,900Range:$5,900 – $5,900PSF:$2 / $2Sq Ft:2,697 / 2,697DOM:14 / 14New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,101 | $2,175 | $1,545 – $2,715 | $4 / $4 | 575 / 607 | 17 / 6 | 3 | 15 |
| 2 Beds | $2,823 | $2,795 | $2,195 – $3,595 | $4 / $3 | 791 / 750 | 45 / 25 | 0 | 7 |
| 3 Beds | $3,767 | $3,950 | $3,400 – $3,950 | $3 / $3 | 1,162 / 1,180 | 41 / 58 | 0 | 3 |
| 4 Beds | $4,285 | $4,285 | $4,285 – $4,285 | $2 / $2 | 1,760 / 1,760 | 264 / 264 | 0 | 1 |
| 6 Beds | $5,900 | $5,900 | $5,900 – $5,900 | $2 / $2 | 2,697 / 2,697 | 14 / 14 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$868,000Median DOM:61New:8Total:63
Jan 2026
Median Price:$800,000Median DOM:59New:14Total:57
Feb 2026
Median Price:$899,000Median DOM:34New:24Total:62
Mar 2026
Median Price:$905,000Median DOM:23New:30Total:77
Apr 2026
Median Price:$925,000Median DOM:32New:24Total:90
May 2026
Median Price:$950,000Median DOM:35New:8Total:87
6-Month Rental Trend
Dec 2025
Median Rent:$2,500Median DOM:21New:7Total:30
Jan 2026
Median Rent:$2,695Median DOM:16New:9Total:25
Feb 2026
Median Rent:$2,675Median DOM:15New:5Total:23
Mar 2026
Median Rent:$2,650Median DOM:13New:10Total:27
Apr 2026
Median Rent:$2,575Median DOM:20New:4Total:25
May 2026
Median Rent:$2,495Median DOM:19New:3Total:27
Key Market Takeaways
Median sale prices moved higher this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing eased, while total rental inventory increased.
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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