San Jose, CA 95123 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. median sold price: $1,464,000 is the primary market-value signal for recent transactions and suggests realized pricing remains firm in this ZIP code, with the year-over-year price trend reported as up, indicating continued upward pressure.
2. Despite firm sold pricing, median days on market: 195 points to slower sales velocity and may indicate pricing friction or longer negotiation timelines rather than rapid turnover; sellers should expect extended marketing periods. slower sales velocity.
3. There is a modest spread between median listing price: $1,438,444 and the median sold price, which may reflect seller expectations that are roughly aligned with recent transaction levels and suggests selective price adjustments (use caution when listing above recent sales).
4. Macro and financing context supports demand: the market is characterized as market temperature: hot, rent is trending up (up), interest rate pressure is moderate and current 30-year fixed mortgage rates are noted at 6.6% compared to a 5.7% early‑2026 average, meaning many existing owners may hold more favorable financing terms and that financing dynamics could moderate buyer sensitivity to price.

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.