San Jose, CA 95117 Real Estate Market Report

ZIP Code: 95117
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Key Findings

1. The primary market indicator is the median sold price of 1,793,000, which points to recent transaction-level value in the neighborhood and should be treated as the representative recent sale benchmark for pricing and appraisal decisions; given the median listing price of 1,849,000, there appears to be observable pricing friction between asking and achieved prices that may indicate seller expectations above transaction reality. flat

2. Liquidity appears slow based on the long median days on market of 287, which suggests extended marketing times and a moderate pace of closings despite the neutral market temperature; this may require sellers to price more competitively or provide concessions to accelerate transactions.

3. Market unit economics show a median price per square foot of 1,137 and a median market rent of 2,600, which provide current valuation context for both owner-occupiers and investors evaluating relative cash flow and replacement cost considerations; rent is trending up year-over-year, supporting rental demand.

4. Broader market signals are mixed: price year-over-year trend is flat, market temperature is neutral, and interest rate pressure is moderate; taken together, this suggests a stable but careful market where targeted pricing and realistic time-to-close expectations will be decisive for sellers and agents.

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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.

San Jose, CA 95117 Real Estate Market Report

ZIP Code: 95117
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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.

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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.

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Key Findings

1. The primary market benchmark is the median sold price of 1,181,000, which represents the most reliable indicator of recent transaction value in 95117; given the neutral market temperature, this suggests transaction prices are functioning as the main reference for valuation rather than listing price expectations (neutral market).

2. There is a meaningful gap between the median listing price of 990,000 and the median sold price of 1,181,000, which may indicate listing-level pricing dispersion and pricing friction where seller expectations and final transaction outcomes diverge.

3. Market velocity is slow: the median days on market is 288, a signal of prolonged listing duration that appears to reflect slower sales velocity rather than acute distress; this longer time-to-contract may require pricing or marketing concessions to accelerate deals (slower transaction velocity).

4. Broader trend context is mixed: price year-over-year trend is flat while rent year-over-year trend is up and interest rate pressure is moderate—together these suggest stable sale prices with rising rental demand, so investors should weigh stronger rental-side momentum against a balanced for-sale market when underwriting opportunities.

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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.