ZIP 95123 Housing Market Report
Santa Clara Metro
Report period: May 2026
95123 Monthly Market Update – May 2026
ZIP 95123 · Last updated May 11, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$1,198,000
0.0%
Median DOM (Sales)
22
+4.8%
New Listings (Sales)
17
−79.0%
Median Rent
$2,995
+0.2%
Median DOM (Rental)
3
0.0%
Total Rental Listings
78
−2.5%
Month-over-Month Movement
Median sale prices were flat. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Single Family (15 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 5 Beds ($1,850,000 median)
Sales Market Overview
Median Price
$1,198,000
0.0%
Median DOM
22
+4.8%
New Listings
17
−79.0%
Inventory
227
+1.8%
- Average Price: $1,080,480
- Median Price: $1,198,000
- Price Range: $165,000 – $3,500,000
- Price per Sq Ft (Avg/Median): $730 / $718
- Square Footage (Avg/Median): 1,469 / 1,495
- Square Footage Range: 543 – 2,948
- Days on Market (Avg/Median): 37 / 22
- Days on Market Range: 3 – 239
- New Listings: 17
- Total Listings: 227
Sales by Property Type
Condo
Avg/Median Price$594,305 / $578,000Range$378,888 – $1,028,900Price per Sq Ft$614 / $591Sq Ft979 / 959DOM52 / 39New5Total74
Manufactured
Avg/Median Price$466,911 / $459,000Range$165,000 – $699,000Price per Sq Ft$296 / $294Sq Ft1,580 / 1,644DOM65 / 55New2Total22
Multi-Family
Avg/Median Price$1,681,944 / $1,475,000Range$1,475,000 – $1,888,888Price per Sq Ft$799 / $699Sq Ft2,105 / 2,100DOM61 / 46New0Total2
Single Family
Avg/Median Price$1,532,567 / $1,498,000Range$1,080,000 – $3,500,000Price per Sq Ft$909 / $888Sq Ft1,732 / 1,649DOM22 / 15New10Total110
Townhouse
Avg/Median Price$1,003,796 / $1,098,000Range$649,000 – $1,300,000Price per Sq Ft$617 / $604Sq Ft1,659 / 1,712DOM34 / 18New0Total19
Sales by Bedroom Count
Studio
Avg:$1,600,000Median:$1,600,000Range:$1,600,000 – $1,600,000PSF:$662 / $662Sq Ft:2,418 / 2,418DOM:5 / 5New:1Total:1
1 Beds
Avg:$461,809Median:$445,900Range:$378,888 – $610,000PSF:$689 / $768Sq Ft:685 / 690DOM:41 / 19New:0Total:13
2 Beds
Avg:$582,952Median:$575,000Range:$165,000 – $1,080,000PSF:$592 / $577Sq Ft:999 / 959DOM:51 / 43New:5Total:54
3 Beds
Avg:$1,081,001Median:$1,145,000Range:$335,000 – $3,500,000PSF:$734 / $738Sq Ft:1,512 / 1,520DOM:39 / 21New:7Total:85
4 Beds
Avg:$1,490,923Median:$1,499,999Range:$449,000 – $1,949,888PSF:$843 / $871Sq Ft:1,807 / 1,688DOM:23 / 15New:4Total:64
5 Beds
Avg:$1,916,750Median:$1,850,000Range:$1,475,000 – $2,558,000PSF:$809 / $801Sq Ft:2,360 / 2,311DOM:29 / 22New:0Total:8
6 Beds
Avg:$1,773,944Median:$1,748,000Range:$1,748,000 – $1,799,888PSF:$700 / $641Sq Ft:2,554 / 2,300DOM:49 / 28New:0Total:2
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,600,000 | $1,600,000 | $1,600,000 – $1,600,000 | $662 / $662 | 2,418 / 2,418 | 5 / 5 | 1 | 1 |
| 1 Beds | $461,809 | $445,900 | $378,888 – $610,000 | $689 / $768 | 685 / 690 | 41 / 19 | 0 | 13 |
| 2 Beds | $582,952 | $575,000 | $165,000 – $1,080,000 | $592 / $577 | 999 / 959 | 51 / 43 | 5 | 54 |
| 3 Beds | $1,081,001 | $1,145,000 | $335,000 – $3,500,000 | $734 / $738 | 1,512 / 1,520 | 39 / 21 | 7 | 85 |
| 4 Beds | $1,490,923 | $1,499,999 | $449,000 – $1,949,888 | $843 / $871 | 1,807 / 1,688 | 23 / 15 | 4 | 64 |
| 5 Beds | $1,916,750 | $1,850,000 | $1,475,000 – $2,558,000 | $809 / $801 | 2,360 / 2,311 | 29 / 22 | 0 | 8 |
| 6 Beds | $1,773,944 | $1,748,000 | $1,748,000 – $1,799,888 | $700 / $641 | 2,554 / 2,300 | 49 / 28 | 0 | 2 |
Rental Market Overview
Median Rent
$2,995
+0.2%
Median DOM
3
0.0%
New Listings
14
Inventory
78
−2.5%
- Average Rent: $3,195
- Median Rent: $2,995
- Rent Range: $760 – $6,800
- Rent per Sq Ft (Avg/Median): $3 / $3
- Square Footage (Avg/Median): 1,116 / 981
- Square Footage Range: 600 – 2,509
- Days on Market (Avg/Median): 44 / 3
- Days on Market Range: 1 – 358
- New Listings: 14
- Total Listings: 78
Rentals by Property Type
Apartment
$2,795
Median DOM: 70
Inventory: 30
MoM: +0.2%
Condo
$2,695
Median DOM: 3
Inventory: 18
MoM: +0.2%
Single Family
$4,295
Median DOM: 1
Inventory: 20
MoM: +0.2%
Townhouse
$3,300
Median DOM: 1
Inventory: 10
MoM: +0.2%
Apartment
Avg/Median Rent$2,789 / $2,795Range$760 – $5,750Rent per Sq Ft$4 / $4Sq Ft869 / 764DOM124 / 70New2Total30
Condo
Avg/Median Rent$2,501 / $2,695Range$1,600 – $3,441Rent per Sq Ft$3 / $3Sq Ft911 / 806DOM6 / 3New5Total18
Single Family
Avg/Median Rent$4,264 / $4,295Range$1,600 – $6,800Rent per Sq Ft$3 / $3Sq Ft1,529 / 1,457DOM23 / 1New5Total20
Townhouse
Avg/Median Rent$3,523 / $3,300Range$2,400 – $4,800Rent per Sq Ft$3 / $3Sq Ft1,396 / 1,260DOM3 / 1New2Total10
Rentals by Bedroom Count
1 Beds
Avg:$2,313Median:$2,515Range:$760 – $3,095PSF:$3 / $4Sq Ft:718 / 706DOM:93 / 13New:1Total:29
2 Beds
Avg:$2,815Median:$2,950Range:$2,000 – $3,400PSF:$3 / $3Sq Ft:953 / 924DOM:7 / 4New:4Total:20
3 Beds
Avg:$3,862Median:$3,695Range:$3,295 – $5,750PSF:$3 / $3Sq Ft:1,321 / 1,260DOM:38 / 1New:5Total:17
4 Beds
Avg:$4,824Median:$4,600Range:$3,700 – $6,800PSF:$3 / $3Sq Ft:1,699 / 1,495DOM:48 / 3New:4Total:8
5 Beds
Avg:$5,396Median:$5,395Range:$5,290 – $5,500PSF:$2 / $2Sq Ft:2,344 / 2,300DOM:6 / 1New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $2,313 | $2,515 | $760 – $3,095 | $3 / $4 | 718 / 706 | 93 / 13 | 1 | 29 |
| 2 Beds | $2,815 | $2,950 | $2,000 – $3,400 | $3 / $3 | 953 / 924 | 7 / 4 | 4 | 20 |
| 3 Beds | $3,862 | $3,695 | $3,295 – $5,750 | $3 / $3 | 1,321 / 1,260 | 38 / 1 | 5 | 17 |
| 4 Beds | $4,824 | $4,600 | $3,700 – $6,800 | $3 / $3 | 1,699 / 1,495 | 48 / 3 | 4 | 8 |
| 5 Beds | $5,396 | $5,395 | $5,290 – $5,500 | $2 / $2 | 2,344 / 2,300 | 6 / 1 | 0 | 4 |
6-Month Sales Trend
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:$1,142,000Median DOM:15New:72Total:197
Apr 2026
Median Price:$1,198,000Median DOM:21New:81Total:223
May 2026
Median Price:$1,198,000Median DOM:22New:17Total:227
6-Month Rental Trend
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:$3,000Median DOM:2New:29Total:70
Apr 2026
Median Rent:$2,990Median DOM:3New:25Total:80
May 2026
Median Rent:$2,995Median DOM:3New:14Total:78
Key Market Takeaways
Median sale prices held steady this month while inventory expanded. 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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