Market Intelligence · CA / San Jose

San Jose, CA 95128 Housing Market

The typical home value in San Jose, CA 95128 is $1,400,719, up 1.1% over the past year. The median list price is $1,424,500, and homes spend a median of 48 days on the market.

Updated September 2026Median value$1401K

The median home value in San Jose, CA 95128 is $1.4M as of September 2026, up 1.1% 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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Licensed pros in 95128.

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Lic #01170222 CA

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Typical 95128 range

$1.29M to $1.51M

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

+1.1% over 12 months

Sep 2025$1.39M

Low $1.39MHigh $1.43M

Sep 2026$1.4M

The numbers

What is the 95128 housing market like?

As of September 2026

Typical home value

$1.4M

1.1%YoY

Median list price

$1.42M

1.8%MoM

Days on market

41.2%MoM

Homes for sale

2.9%MoM

Price cuts

17.8%

44.8%MoM

New listings

33.3%MoM

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

The outlook

95128 housing market forecast 2027

+1.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 95128 to rise 1.5% by September 2027.

Over the 12 months through September 2026, typical home values in 95128 rose 1.1%, per the Zillow Home Value Index.

Will home prices drop in 95128?

Zillow's forecast does not call for a drop: it expects typical home values in 95128 to rise 1.5% by September 2027, after a 1.1% 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 95128 home prices compare?

95128$1,400,719
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 33 homes for sale in 95128, with 16 new listings coming on the market. The median days on market is 48, which means sellers are waiting a while before getting an accepted offer. About 17.8% of listings have taken a price cut, a sign that some sellers are starting too high. Even so, the typical home value is $1,400,719, up 1.1% over the past year. For a seller, the honest read is that values are holding, but pricing right from the start matters more than it used to.

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Down payment20% · $280,144

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Common questions

What people ask us.

How much is a home in 95128 worth?

The typical home value in 95128 is $1,400,719, up 1.1% over the past year.

How long does it take to sell a home in 95128?

Homes in 95128 spend a median of 48 days on the market.

Are sellers cutting prices in 95128?

Yes, 17.8% of listings have a price cut, so some sellers are reducing their asking price.

Discover

Nearby ZIP markets.

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