San Jose, CA 95117 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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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 market value indicator is the median sold price: 1,795,000 — this representative recent sale level, combined with a median listing price of 1,998,000, suggests pricing friction between seller expectations and transaction outcomes in the current market.
2. Liquidity appears muted with a notably long median days on market of 304, which may indicate slower sales velocity and that sellers should expect marketing periods to be extended; this dynamic can appear to give buyers modest negotiating room relative to peak-market conditions.
3. Price momentum is positive on a broader scale: the price year-over-year trend is up, while rent is also rising (rent year-over-year trend up) and the median market rent is 2,495 — together these signals support continued demand for SFR and condo holdings and may sustain buyer interest from investors and renters; treat rental strength as a supportive but not definitive valuation input.
4. Financing and cost-of-capital considerations are a moderating factor: interest rate pressure is moderate and local 30-year fixed mortgage rates are averaging 6.53%, which can constrain some buyer qualification and temper bidding aggressiveness; this context, combined with relatively high median price per square foot of 1,197, suggests sellers should price with care to avoid prolonged marketing periods.

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.