San Jose, CA 95117 Real Estate Market Report

ZIP Code: 95117
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in San Jose, CA (ZIP: 95117) is $1,771,000, reflecting a stable market environment. With a year-over-year price trend indicating that values are up, this suggests a positive shift in market sentiment. The current market temperature is described as neutral, indicating a balance between buyer and seller activity, which may present opportunities for both parties.

Transaction velocity appears to be moderate, with 284 days on market indicating a slower sales pace. Elevated inventory levels are noted, suggesting excess supply relative to sales activity. This dynamic may create pricing friction, as sellers adjust expectations to align with buyer demand. Overall, the market is stabilizing, with rising rental demand potentially indicating future buyer interest.

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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 Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in San Jose, CA are averaging 6.34% as of April 1, 2026, which is 0.14% higher than the average rate of 6.20% seen in early 2026.

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. $1,771,000 is the median sold price, indicating a stable market with upward price momentum.

2. The median days on market stands at 284, suggesting a slower sales velocity and potential pricing friction.

3. Market temperature is neutral, reflecting a balanced environment for buyers and sellers.

4. Rising rental demand, with a median market rent of $3,750, may indicate future buyer interest in the area.

5. The property tax rate is 1.46%, which is a relevant consideration for potential buyers in their financial planning.

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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.