ZIP 95118 Housing Market Report
Santa Clara Metro
Report period: May 2026
95118 Monthly Market Update – May 2026
ZIP 95118 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,499,000
−3.3%
Median DOM (Sales)
20
+25.0%
New Listings (Sales)
8
−79.5%
Median Rent
$3,195
+18.3%
Median DOM (Rental)
3
−62.5%
Total Rental Listings
23
+27.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Single Family (14 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 5 Beds ($1,998,000 median)
Sales Market Overview
Median Price
$1,499,000
−3.3%
Median DOM
20
+25.0%
New Listings
8
−79.5%
Inventory
100
+1.0%
- Average Price: $1,479,041
- Median Price: $1,499,000
- Price Range: $498,000 – $2,999,995
- Price per Sq Ft (Avg/Median): $979 / $1,029
- Square Footage (Avg/Median): 1,501 / 1,449
- Square Footage Range: 675 – 3,364
- Days on Market (Avg/Median): 29 / 20
- Days on Market Range: 1 – 174
- New Listings: 8
- Total Listings: 100
Sales by Property Type
Condo
Avg/Median Price$566,556 / $548,000Range$498,000 – $675,000Price per Sq Ft$656 / $654Sq Ft870 / 845DOM52 / 51New0Total16
Multi-Family
Avg/Median Price$1,574,500 / $1,550,000Range$1,498,000 – $1,650,000Price per Sq Ft$667 / $682Sq Ft2,449 / 2,117DOM110 / 114New0Total4
Single Family
Avg/Median Price$1,711,276 / $1,599,888Range$1,249,000 – $2,999,995Price per Sq Ft$1,081 / $1,071Sq Ft1,606 / 1,514DOM19 / 14New8Total74
Townhouse
Avg/Median Price$984,465 / $959,900Range$788,000 – $1,150,000Price per Sq Ft$792 / $778Sq Ft1,263 / 1,286DOM36 / 21New0Total6
Sales by Bedroom Count
1 Beds
Avg:$507,000Median:$499,000Range:$499,000 – $515,000PSF:$751 / $739Sq Ft:675 / 675DOM:44 / 6New:0Total:2
2 Beds
Avg:$589,260Median:$578,000Range:$498,000 – $788,000PSF:$658 / $654Sq Ft:898 / 903DOM:50 / 51New:0Total:15
3 Beds
Avg:$1,498,577Median:$1,498,888Range:$959,000 – $1,998,000PSF:$1,075 / $1,098Sq Ft:1,408 / 1,400DOM:21 / 14New:4Total:41
4 Beds
Avg:$1,770,229Median:$1,749,000Range:$1,389,888 – $2,788,000PSF:$1,056 / $1,037Sq Ft:1,690 / 1,711DOM:19 / 15New:4Total:33
5 Beds
Avg:$2,134,571Median:$1,998,000Range:$1,500,000 – $2,999,995PSF:$923 / $862Sq Ft:2,298 / 2,318DOM:47 / 21New:0Total:7
7 Beds
Avg:$1,600,000Median:$1,600,000Range:$1,600,000 – $1,600,000PSF:$682 / $682Sq Ft:2,346 / 2,346DOM:114 / 114New:0Total:1
8 Beds
Avg:$1,650,000Median:$1,650,000Range:$1,650,000 – $1,650,000PSF:$490 / $490Sq Ft:3,364 / 3,364DOM:115 / 115New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $507,000 | $499,000 | $499,000 – $515,000 | $751 / $739 | 675 / 675 | 44 / 6 | 0 | 2 |
| 2 Beds | $589,260 | $578,000 | $498,000 – $788,000 | $658 / $654 | 898 / 903 | 50 / 51 | 0 | 15 |
| 3 Beds | $1,498,577 | $1,498,888 | $959,000 – $1,998,000 | $1,075 / $1,098 | 1,408 / 1,400 | 21 / 14 | 4 | 41 |
| 4 Beds | $1,770,229 | $1,749,000 | $1,389,888 – $2,788,000 | $1,056 / $1,037 | 1,690 / 1,711 | 19 / 15 | 4 | 33 |
| 5 Beds | $2,134,571 | $1,998,000 | $1,500,000 – $2,999,995 | $923 / $862 | 2,298 / 2,318 | 47 / 21 | 0 | 7 |
| 7 Beds | $1,600,000 | $1,600,000 | $1,600,000 – $1,600,000 | $682 / $682 | 2,346 / 2,346 | 114 / 114 | 0 | 1 |
| 8 Beds | $1,650,000 | $1,650,000 | $1,650,000 – $1,650,000 | $490 / $490 | 3,364 / 3,364 | 115 / 115 | 0 | 1 |
Rental Market Overview
Median Rent
$3,195
+18.3%
Median DOM
3
−62.5%
New Listings
4
Inventory
23
+27.8%
- Average Rent: $3,509
- Median Rent: $3,195
- Rent Range: $2,000 – $5,500
- Rent per Sq Ft (Avg/Median): $4 / $3
- Square Footage (Avg/Median): 1,006 / 846
- Square Footage Range: 325 – 1,819
- Days on Market (Avg/Median): 18 / 3
- Days on Market Range: 1 – 84
- New Listings: 4
- Total Listings: 23
Rentals by Property Type
Apartment
$2,495
Median DOM: 16
Inventory: 11
MoM: +18.3%
Condo
$2,795
Median DOM: 1
Inventory: 1
MoM: +18.3%
Single Family
$4,600
Median DOM: 1
Inventory: 11
MoM: +18.3%
Townhouse
—
Median DOM: —
Inventory: —
MoM: +18.3%
Apartment
Avg/Median Rent$2,629 / $2,495Range$2,000 – $3,880Rent per Sq Ft$4 / $3Sq Ft672 / 675DOM29 / 16New1Total11
Condo
Avg/Median Rent$2,795 / $2,795Range$2,795 – $2,795Rent per Sq Ft$3 / $3Sq Ft903 / 903DOM1 / 1New0Total1
Single Family
Avg/Median Rent$4,453 / $4,600Range$2,675 – $5,500Rent per Sq Ft$3 / $4Sq Ft1,318 / 1,316DOM12 / 1New3Total11
Rentals by Bedroom Count
Studio
Avg:$2,265Median:$2,265Range:$2,265 – $2,265PSF:$5 / $5Sq Ft:432 / 432DOM:—New:0Total:1
1 Beds
Avg:$2,493Median:$2,095Range:$2,000 – $3,880PSF:$4 / $4Sq Ft:602 / 640DOM:36 / 36New:0Total:5
2 Beds
Avg:$2,832Median:$2,700Range:$2,495 – $3,200PSF:$3 / $3Sq Ft:832 / 841DOM:20 / 8New:1Total:8
3 Beds
Avg:$4,770Median:$4,600Range:$4,500 – $5,200PSF:$3 / $4Sq Ft:1,383 / 1,316DOM:3 / 1New:3Total:6
4 Beds
Avg:$4,898Median:$4,995Range:$4,200 – $5,500PSF:$3 / $3Sq Ft:1,520 / 1,601DOM:31 / 15New:0Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,265 | $2,265 | $2,265 – $2,265 | $5 / $5 | 432 / 432 | — | 0 | 1 |
| 1 Beds | $2,493 | $2,095 | $2,000 – $3,880 | $4 / $4 | 602 / 640 | 36 / 36 | 0 | 5 |
| 2 Beds | $2,832 | $2,700 | $2,495 – $3,200 | $3 / $3 | 832 / 841 | 20 / 8 | 1 | 8 |
| 3 Beds | $4,770 | $4,600 | $4,500 – $5,200 | $3 / $4 | 1,383 / 1,316 | 3 / 1 | 3 | 6 |
| 4 Beds | $4,898 | $4,995 | $4,200 – $5,500 | $3 / $3 | 1,520 / 1,601 | 31 / 15 | 0 | 3 |
6-Month Sales Trend
Dec 2025
Median Price:$1,459,000Median DOM:28New:9Total:42
Jan 2026
Median Price:$1,550,000Median DOM:19New:20Total:42
Feb 2026
Median Price:$1,599,000Median DOM:10New:25Total:54
Mar 2026
Median Price:$1,598,000Median DOM:13New:42Total:85
Apr 2026
Median Price:$1,550,000Median DOM:16New:39Total:99
May 2026
Median Price:$1,499,000Median DOM:20New:8Total:100
6-Month Rental Trend
Dec 2025
Median Rent:$3,500Median DOM:3New:21Total:36
Jan 2026
Median Rent:$3,850Median DOM:6New:13Total:33
Feb 2026
Median Rent:$3,095Median DOM:11New:8Total:32
Mar 2026
Median Rent:$2,675Median DOM:14New:7Total:27
Apr 2026
Median Rent:$2,700Median DOM:8New:6Total:18
May 2026
Median Rent:$3,195Median DOM:3New:4Total:23
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, 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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