San Jose, CA 95111 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

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

Key Findings

1. The primary indicator of recent market value is the median sold price: 1,106,000, which represents the neighborhood's most reliable transaction signal and suggests current pricing sits below the median listing price of 1,200,000; this gap may indicate pricing friction between seller expectations and closed transactions rather than immediate downward pressure.
2. Sales velocity is slow relative to historical norms: the median days on market is 120, which points to slower transaction volume and more time to negotiate and may require sellers to be more flexible on terms or pricing to achieve timely closings.
3. Market direction is softening on price but stable overall: price year-over-year trend is down while market temperature is neutral, indicating a transitionary, more balanced phase where sellers and buyers are reconciling expectations rather than an outright market shift.
4. Macro and rental context is mixed: interest rate pressure is elevated (with current 30-year fixed mortgage rates at 6.77%) and rent year-over-year trend is up with median market rent at 3,150, suggesting sustained rental demand that could support investor interest despite financing headwinds.

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.