95116 Housing Market
Median List Price
$849,000
Updated August 2026
Today, the 95116 ZIP code in San Jose, CA has 29 homes for sale at a median list price of $849,000, typically selling in about 61 days.
95116 Housing Market Overview
The 95116 ZIP code currently shows a median list price of $849,000. Compared with San Jose overall, that is a 31.0% discount. There are 29 homes currently listed for sale in the 95116 ZIP code.
One bedroom homes are the most affordable tier at a median of $430,000, while four bedroom homes top the range at $1.1M. Over the last six months, the median price has risen about 6.4%, from $840,000 in February to $894,000 in July.
95116 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. 9.7 months of supply is more than current demand absorbs, and sale prices have eased 7% over the last six months and are 10% below a year ago. At the same time, selling times have improved 54% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$849K
↓ 10% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
9.7 months of supply
Ample Supply29 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~61 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 54% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 41% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 95116 Area
Homeownership is near the state average, with a balanced mix of owners and renters.
56%
Homeowners
44%
Renters
Homeownership is 0.5 points higher than the California average (55.5%)
326,767 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $223K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$422K)
Price Reductions
17 listings have reduced their price
59% of active listings
Average reduction: 8.6% (~$73K)
Browse 95116 Listings
Frequently Asked Questions about the 95116 Housing Market
What is the median home price in the 95116 ZIP code?
The median list price in the 95116 ZIP code is $849,000 as of August 2026, based on 29 active listings.
Is the 95116 ZIP code a buyer's market or a seller's market?
The 95116 ZIP code currently reads as a buyer's market. Active inventory works out to about 9.7 months of supply at the recent sales pace.
How fast do homes sell in the 95116 ZIP code?
The average home currently for sale in the 95116 ZIP code has been on the market for 61 days.
Are home prices in the 95116 ZIP code going up or down?
The median sale price in the 95116 ZIP code is down about 10.4% compared with a year ago.
How many homes are for sale in the 95116 ZIP code?
There are 29 homes for sale in the 95116 ZIP code right now, including 2 listed within the last week.