ZIP 95046, San Martin Housing Market · 2026

Data through May 2026 · Part of the San Martin housing market

ZIP 95046, San Martin Market Snapshot

ZIP 95046 favors sellers and competition is intensifying. Here's the picture:

Based on 7 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$1.75M
Up 15.9% from May 2025
Up $240K from May 2025
Homes Sold
7
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$10,846/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$8,840
  • Property Tax$1,823
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
12 days
14 fewer days than in May 2025
Homes sell in a week or two
Sale-to-List Ratio
102.4%
Up from 101.7% in May 2025
Selling at or near asking price
% Sold Over Asking
71%
71% of homes sold above their asking price
Active Listings
8
Up 33.3% from May 2025
About 1.1 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in 95046, San Martin.

Median Sale Price
Up 15.9% year-over-year in 95046, San Martin. Based on 7 sales in the most recent month.
Homes Sold
40% more homes sold than a year ago in 95046, San Martin.
Total Monthly Payment
Estimated monthly cost is up 12% from a year ago in 95046, San Martin, 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 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about ZIP 95046

Is now a good time to buy in ZIP 95046?

ZIP 95046 favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.

How do ZIP 95046 home prices compare to the Bay Area average?

At $1.75M, ZIP 95046's median is close to the Bay Area average of $1.85M.

How competitive is ZIP 95046 for buyers?

ZIP 95046 currently favors sellers:

  • Homes sell about 2% above asking on average
  • 71% close above list price
  • 12 days typical time to go pending

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 95046 home?

At $1.75M with 20% down at 6.49%, your estimated total monthly cost is approximately $10,846:

  • $8,840 principal and interest
  • $1,823 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra.

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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