ZIP 94040, Mountain View Housing Market · 2026

Data through Jul 2026 · Part of the Mountain View housing market

Data curated by Melanie Tan, 8 Blocks Real Estate · How this data works

ZIP 94040, Mountain View Market Snapshot

ZIP 94040 still favors sellers, but the market is cooling. Here's where things stand:

Based on 59 homes sold in the 3 months ending July 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through July 2026

SalesWhat are homes selling for?
Median Sale Price
$2.92M
Up 35.6% from July 2025
Up $768K from July 2025
Homes Sold
59
Sold in the last 3 months. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$18,341/mo
6.71% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$15,112
  • Property Tax$3,046
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
23 days
11 more days than in July 2025
Homes typically sell within a month
Sale-to-List Ratio
103.9%
Down from 104.6% in July 2025
Selling 4% above asking
% Sold Over Asking
56%
More than half of homes sold above their asking price
Active Listings
32
Up 19.0% from July 2025
About 1.7 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 94040, Mountain View.

Median Sale Price
Up 35.6% year-over-year in 94040, Mountain View. Based on 59 sales in the last 3 months.
Homes Sold
23% fewer homes sold than a year ago in 94040, Mountain View.
Total Monthly Payment
Estimated monthly cost is up 34% from a year ago in 94040, Mountain View, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.71%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 94040

Is now a good time to buy in ZIP 94040?

ZIP 94040 still favors sellers, but conditions are slowly improving for buyers. Well-priced homes move fast, and there is slightly more room to negotiate than there was a year ago.

How do ZIP 94040 home prices compare to the Bay Area average?

At $2.92M, ZIP 94040's median sits about 62% above the Bay Area average of $1.80M. ZIP 94040 is on the higher end of the regional market.

Within Mountain View, this area trades about 53% above the city-wide median of $1.91M.

By home type:

  • Single-family homes at $3.30M
  • Condos at $755K
  • Townhomes at $1.79M
What price range should I budget for in ZIP 94040?

Prices in ZIP 94040 depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $3.30M
  • Condos at $755K
  • Townhomes at $1.79M

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is ZIP 94040 for buyers?

ZIP 94040 currently favors sellers:

  • Homes sell about 4% above asking on average
  • 56% close above list price
  • 23 days typical time to go pending
  • 28% of listings have had a price reduction

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

What will my total monthly cost be on a median-priced ZIP 94040 home?

At $2.92M with 20% down at 6.71%, your estimated total monthly cost is approximately $18,341:

  • $15,112 principal and interest
  • $3,046 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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