ZIP 95123 Housing Market Report
Santa Clara Metro
Report period: March 2026
95123 Monthly Market Update – March 2026
ZIP 95123 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$908,888
+7.1%
Median DOM (Sales)
14
−12.5%
New Listings (Sales)
25
−57.6%
Median Rent
$2,851
−1.7%
Median DOM (Rental)
4
−20.0%
Total Rental Listings
79
−1.3%
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 (9 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 6 Beds ($1,788,000 median)
Sales Market Overview
Median Price
$908,888
+7.1%
Median DOM
14
−12.5%
New Listings
25
−57.6%
Inventory
183
+11.6%
- Average Price: $1,083,332
- Median Price: $908,888
- Price Range: $165,000 – $3,500,000
- Price per Sq Ft (Avg/Median): $724 / $708
- Square Footage (Avg/Median): 1,475 / 1,356
- Square Footage Range: 543 – 3,864
- Days on Market (Avg/Median): 32 / 14
- Days on Market Range: 1 – 178
- New Listings: 25
- Total Listings: 183
Sales by Property Type
Condo
Avg/Median Price$590,217 / $539,000Range$368,888 – $928,900Price per Sq Ft$624 / $614Sq Ft962 / 904DOM40 / 27New9Total68
Manufactured
Avg/Median Price$469,311 / $459,000Range$165,000 – $699,000Price per Sq Ft$297 / $290Sq Ft1,569 / 1,650DOM64 / 58New1Total18
Multi-Family
Avg/Median Price$1,658,194 / $1,488,888Range$1,475,000 – $1,888,888Price per Sq Ft$755 / $699Sq Ft2,201 / 2,110DOM31 / 27New0Total4
Single Family
Avg/Median Price$1,642,079 / $1,499,000Range$1,050,000 – $3,500,000Price per Sq Ft$920 / $909Sq Ft1,851 / 1,650DOM17 / 9New13Total79
Townhouse
Avg/Median Price$950,738 / $899,999Range$674,999 – $1,250,000Price per Sq Ft$639 / $636Sq Ft1,515 / 1,156DOM35 / 28New2Total14
Sales by Bedroom Count
1 Beds
Avg:$469,055Median:$459,000Range:$368,888 – $625,000PSF:$708 / $768Sq Ft:676 / 650DOM:37 / 23New:2Total:14
2 Beds
Avg:$586,125Median:$549,999Range:$165,000 – $1,050,000PSF:$597 / $603Sq Ft:993 / 959DOM:39 / 25New:8Total:49
3 Beds
Avg:$1,062,034Median:$1,142,000Range:$349,000 – $3,500,000PSF:$741 / $682Sq Ft:1,472 / 1,409DOM:34 / 14New:8Total:68
4 Beds
Avg:$1,703,430Median:$1,588,000Range:$1,099,000 – $3,150,000PSF:$856 / $899Sq Ft:2,009 / 1,846DOM:20 / 10New:7Total:39
5 Beds
Avg:$1,876,889Median:$1,598,888Range:$1,475,000 – $2,558,000PSF:$728 / $725Sq Ft:2,584 / 2,384DOM:25 / 9New:0Total:12
6 Beds
Avg:$1,788,000Median:$1,788,000Range:$1,788,000 – $1,788,000PSF:$777 / $777Sq Ft:2,300 / 2,300DOM:16 / 16New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $469,055 | $459,000 | $368,888 – $625,000 | $708 / $768 | 676 / 650 | 37 / 23 | 2 | 14 |
| 2 Beds | $586,125 | $549,999 | $165,000 – $1,050,000 | $597 / $603 | 993 / 959 | 39 / 25 | 8 | 49 |
| 3 Beds | $1,062,034 | $1,142,000 | $349,000 – $3,500,000 | $741 / $682 | 1,472 / 1,409 | 34 / 14 | 8 | 68 |
| 4 Beds | $1,703,430 | $1,588,000 | $1,099,000 – $3,150,000 | $856 / $899 | 2,009 / 1,846 | 20 / 10 | 7 | 39 |
| 5 Beds | $1,876,889 | $1,598,888 | $1,475,000 – $2,558,000 | $728 / $725 | 2,584 / 2,384 | 25 / 9 | 0 | 12 |
| 6 Beds | $1,788,000 | $1,788,000 | $1,788,000 – $1,788,000 | $777 / $777 | 2,300 / 2,300 | 16 / 16 | 0 | 1 |
Rental Market Overview
Median Rent
$2,851
−1.7%
Median DOM
4
−20.0%
New Listings
16
Inventory
79
−1.3%
- Average Rent: $3,233
- Median Rent: $2,851
- Rent Range: $1,071 – $6,800
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,165 / 1,083
- Square Footage Range: 378 – 2,509
- Days on Market (Avg/Median): 49 / 4
- Days on Market Range: 1 – 330
- New Listings: 16
- Total Listings: 79
Rentals by Property Type
Apartment
$2,619
Median DOM: 120
Inventory: 29
MoM: −1.7%
Condo
$2,495
Median DOM: 1
Inventory: 9
MoM: −1.7%
Single Family
$4,195
Median DOM: 1
Inventory: 31
MoM: −1.7%
Townhouse
$3,695
Median DOM: 1
Inventory: 10
MoM: −1.7%
Apartment
Avg/Median Rent$2,602 / $2,619Range$1,071 – $4,630Rent per Sq Ft$3 / $3Sq Ft894 / 810DOM135 / 120New0Total29
Condo
Avg/Median Rent$2,418 / $2,495Range$1,730 – $3,100Rent per Sq Ft$3 / $3Sq Ft904 / 903DOM7 / 1New5Total9
Single Family
Avg/Median Rent$3,906 / $4,195Range$1,600 – $6,800Rent per Sq Ft$3 / $3Sq Ft1,363 / 1,367DOM17 / 1New9Total31
Townhouse
Avg/Median Rent$3,706 / $3,695Range$2,400 – $4,750Rent per Sq Ft$3 / $2Sq Ft1,553 / 1,536DOM10 / 1New2Total10
Rentals by Bedroom Count
Studio
Avg:$2,619Median:$2,619Range:$2,619 – $2,619PSF:$5 / $5Sq Ft:549 / 549DOM:160 / 160New:0Total:1
1 Beds
Avg:$2,170Median:$2,225Range:$1,071 – $2,851PSF:$4 / $3Sq Ft:683 / 701DOM:109 / 49New:2Total:21
2 Beds
Avg:$2,707Median:$2,750Range:$1,730 – $3,689PSF:$3 / $3Sq Ft:964 / 903DOM:33 / 1New:4Total:24
3 Beds
Avg:$3,876Median:$4,100Range:$2,197 – $4,630PSF:$3 / $3Sq Ft:1,428 / 1,358DOM:40 / 1New:5Total:18
4 Beds
Avg:$4,675Median:$4,500Range:$4,100 – $6,800PSF:$3 / $3Sq Ft:1,585 / 1,457DOM:26 / 1New:2Total:12
5 Beds
Avg:$5,453Median:$5,400Range:$5,395 – $5,565PSF:$2 / $2Sq Ft:2,395 / 2,376DOM:3 / 1New:3Total:3
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $2,619 | $2,619 | $2,619 – $2,619 | $5 / $5 | 549 / 549 | 160 / 160 | 0 | 1 |
| 1 Beds | $2,170 | $2,225 | $1,071 – $2,851 | $4 / $3 | 683 / 701 | 109 / 49 | 2 | 21 |
| 2 Beds | $2,707 | $2,750 | $1,730 – $3,689 | $3 / $3 | 964 / 903 | 33 / 1 | 4 | 24 |
| 3 Beds | $3,876 | $4,100 | $2,197 – $4,630 | $3 / $3 | 1,428 / 1,358 | 40 / 1 | 5 | 18 |
| 4 Beds | $4,675 | $4,500 | $4,100 – $6,800 | $3 / $3 | 1,585 / 1,457 | 26 / 1 | 2 | 12 |
| 5 Beds | $5,453 | $5,400 | $5,395 – $5,565 | $2 / $2 | 2,395 / 2,376 | 3 / 1 | 3 | 3 |
6-Month Sales Trend
Oct 2025
Median Price:$1,099,800Median DOM:39New:42Total:189
Nov 2025
Median Price:$1,065,000Median DOM:45New:30Total:161
Dec 2025
Median Price:$849,000Median DOM:54New:19Total:131
Jan 2026
Median Price:$779,000Median DOM:22New:65Total:154
Feb 2026
Median Price:$849,000Median DOM:16New:59Total:164
Mar 2026
Median Price:$908,888Median DOM:14New:25Total:183
6-Month Rental Trend
Oct 2025
Median Rent:$2,923Median DOM:15New:28Total:87
Nov 2025
Median Rent:$2,850Median DOM:15New:29Total:87
Dec 2025
Median Rent:$2,800Median DOM:14New:34Total:89
Jan 2026
Median Rent:$2,993Median DOM:9New:33Total:91
Feb 2026
Median Rent:$2,900Median DOM:5New:25Total:80
Mar 2026
Median Rent:$2,851Median DOM:4New:16Total:79
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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