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Market Intelligence · CA / San Jose

San Jose, CA 95116 Housing Market

The typical home in San Jose's 95116 ZIP code is worth $896,881 as of September 2026, down 1.3% over the past year. The median list price sits at $849,000, and homes spend a median of 63 days on the market.

Updated September 2026Median value$897K

The median home value in San Jose, CA 95116 is $897K as of September 2026, down 1.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 95116 range

$825K to $969K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.3% over 12 months

Typical home value in 95116 over the last 12 months: $909K in Sep 2025 to $897K in Sep 2026 (-1.3%).

Sep 2025$909K

Sep 2026$897K

The numbers

What is the 95116 housing market like?

Typical home value

$897K

Down1.3%YoY

Median list price

$849K

Down3.5%MoM

Days on market

63

Up21.2%MoM

Homes for sale

27

Down27.0%MoM

Price cuts

13.5%

Down48.5%MoM

New listings

12

Flat0.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

95116 housing market forecast 2027

+1.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 95116 to rise 1.0% by September 2027.

Over the 12 months through September 2026, typical home values in 95116 fell 1.3%, per the Zillow Home Value Index.

Will home prices drop in 95116?

Zillow's forecast does not call for a drop: it expects typical home values in 95116 to rise 1.0% by September 2027, after a 1.3% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 95116 home prices compare?

  • 95116$896,881
  • San Jose$1,300,963
  • California$692,765
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (San Jose: 28 ZIPs; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

Inventory in 95116 is limited, with 27 homes for sale as of September 2026 and 12 new listings coming on that month. The median list price of $849,000 sits below the typical home value of $896,881, which suggests sellers are pricing with some caution. That caution has support in the data: values are down 1.3% over the past year, and homes are taking a median of 63 days to sell. Even so, only 13.5% of listings have taken a price cut. For a seller, this is a market where realistic pricing from day one matters more than testing the ceiling.

Monthly payment

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20% · $179,376

Common questions

What people ask us.

How much is a home in 95116 worth?

The typical home value in 95116 is $896,881 as of September 2026, down 1.3% over the past year.

How long does it take to sell a home in 95116?

Homes in 95116 spend a median of 63 days on the market as of September 2026. There were 27 homes for sale and 12 new listings that month.

Are sellers in 95116 cutting prices?

About 13.5% of listings in 95116 had a price cut as of September 2026. The median list price is $849,000.

Discover

Nearby ZIP markets.

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