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Market Intelligence · CA / San Jose

San Jose, CA 95123 Housing Market

The typical home value in San Jose's 95123 ZIP code is $1,300,855 as of September 2026, down 0.9% over the past year. The median list price sits at $1,211,944, and homes are spending a median of 31 days on the market.

Updated September 2026Median value$1301K

The median home value in San Jose, CA 95123 is $1.3M as of September 2026, down 0.9% 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 95123 range

$1.2M to $1.4M

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

-0.9% over 12 months

Typical home value in 95123 over the last 12 months: $1.31M in Sep 2025 to $1.3M in Sep 2026 (-0.9%).

Sep 2025$1.31M

Sep 2026$1.3M

The numbers

What is the 95123 housing market like?

Typical home value

$1.3M

Down0.9%YoY

Median list price

$1.21M

Down3.0%MoM

Days on market

31

Down16.2%MoM

Homes for sale

77

Down7.2%MoM

Price cuts

15.5%

Down21.6%MoM

New listings

54

Up12.5%MoM

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

The outlook

95123 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 95123 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 95123 fell 0.9%, per the Zillow Home Value Index.

Will home prices drop in 95123?

Zillow's forecast does not call for a drop: it expects typical home values in 95123 to rise 1.3% by September 2027, after a 0.9% 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 95123 home prices compare?

  • 95123$1,300,855
  • 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

As of September 2026, there are 77 homes for sale in 95123, with 54 new listings coming on the market. The median list price is $1,211,944, and the typical home value is $1,300,855, down 0.9% over the past year. Homes are moving in a median of 31 days, and 15.5% of listings have taken a price cut. The numbers point to a market that is cooling slightly but still functioning at a steady pace. For a seller, that means pricing realistically from the start matters more than it did a year ago.

Monthly payment

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20% · $260,171

Common questions

What people ask us.

How much is a home in 95123 worth?

The typical home value in 95123 is $1,300,855 as of September 2026, down 0.9% over the past year.

How long does it take to sell a home in 95123?

Homes in 95123 are spending a median of 31 days on the market as of September 2026.

Are sellers cutting prices in 95123?

As of September 2026, 15.5% of listings in 95123 have had a price cut, while the median list price stands at $1,211,944.

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