Campbell, CA 95008 Real Estate Market Report

ZIP Code: 95008
Report Date: April 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Campbell, CA remains robust as of April 2026, with the median sold price reaching $1,899,000. This reflects a strong demand amidst ongoing economic challenges, particularly in Santa Clara County. The neighborhood has increased 15% since 2023, indicating significant appreciation in property values. The market is characterized by a median listing price of $1,798,800, suggesting a notable gap between seller expectations and actual transaction values, which may indicate pricing friction in the current environment.

Transaction activity appears to be moderate, with median days on market at 294, suggesting slower sales velocity. Elevated inventory levels are present, indicating excess supply relative to sales activity. Despite these conditions, the market temperature is classified as hot, driven by continued interest from the tech sector, although affordability remains a persistent challenge for potential buyers.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Campbell, CA are averaging 6.38%, which is 0.3% higher than the 6.67% average recorded one year ago.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $1,899,000 reflects a strong market demand and significant appreciation in property values.

2. With a median listing price of $1,798,800, there is a notable gap that may indicate pricing friction between seller expectations and market realities.

3. The median days on market stands at 294, suggesting slower sales velocity and a potential impact on liquidity.

4. Market conditions are classified as hot, driven by ongoing demand from the tech sector despite economic headwinds.

5. The median market rent is $3,750, indicating upward pressure on rental prices, which may affect buyer affordability.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.