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Market Intelligence · CA / San Jose

San Jose, CA 95121 Housing Market

The typical home value in San Jose's 95121 is $1,194,591, up 0.5% over the past year as of September 2026. The median list price is $1,171,472, and homes are spending a median of 23 days on market.

Updated September 2026Median value$1195K

The median home value in San Jose, CA 95121 is $1.19M as of September 2026, up 0.5% 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 95121 range

$1.1M to $1.29M

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

+0.5% over 12 months

Typical home value in 95121 over the last 12 months: $1.19M in Sep 2025 to $1.19M in Sep 2026 (+0.5%).

Sep 2025$1.19M

Sep 2026$1.19M

The numbers

What is the 95121 housing market like?

Typical home value

$1.19M

Up0.5%YoY

Median list price

$1.17M

Down1.8%MoM

Days on market

23

Down14.8%MoM

Homes for sale

19

Up5.6%MoM

Price cuts

12.7%

Down14.2%MoM

New listings

14

Up75.0%MoM

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

The outlook

95121 housing market forecast 2027

+0.9%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 95121 to rise 0.9% by September 2027.

Over the 12 months through September 2026, typical home values in 95121 rose 0.5%, per the Zillow Home Value Index.

Will home prices drop in 95121?

Zillow's forecast does not call for a drop: it expects typical home values in 95121 to rise 0.9% by September 2027, after a 0.5% rise 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 95121 home prices compare?

  • 95121$1,194,591
  • 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 is limited in 95121, with 19 homes for sale and 14 new listings as of September 2026. Buyers are still moving quickly, since the median days on market is 23. The typical home value is $1,194,591, up 0.5% over the past year, while the median list price sits at $1,171,472. About 12.7% of listings have taken a price cut, which shows some sellers are adjusting expectations. For a seller, the market still favors well priced homes, but it is not forgiving of overpricing.

Monthly payment

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20% · $238,918

Common questions

What people ask us.

How much is a home in 95121 worth?

The typical home value in 95121 is $1,194,591, up 0.5% over the past year as of September 2026.

How fast are homes selling in 95121?

The median days on market is 23 as of September 2026. Sellers should still expect buyers to compare options.

Are sellers cutting prices in 95121?

About 12.7% of listings have a price cut as of September 2026, so a minority of sellers are adjusting.

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