Is San Martin, CA 95046 a buyer’s or seller’s market?
San Martin is a seller’s market. With about 3.6 months of supply and 22% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The San Martin housing market right now
In the three months ending August 31, 2026, 22% of homes in San Martin, CA 95046 sold above their list price, the typical home went under contract in 22 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 9 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (31 days then) and the median sale price fell 33% to $1,499,351. Overall, San Martin is more competitive than a year ago, so tougher for buyers.
Within Santa Clara County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 94%.
Nearby, buyers who want less competition could look at San Jose 95134 (0% sold over asking) or San Jose 95113 (0% sold over asking), while San Jose 95129 (72% sold over asking) and Sunnyvale 94087 (64% sold over asking) are even more competitive.
Run the numbers for 95046
Nearby markets
Campbell 95008Seller’s market $1,000 /sq ftCupertino 95014Seller’s market $1,501 /sq ftGilroy 95020Seller’s market $531 /sq ftLos Altos 94022Seller’s market $1,793 /sq ft Browse all markets →Towns like San Martin nearby
Find towns like San Martin in other states →Where San Martin is
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Questions about San Martin real estate
Is San Martin a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in San Martin, CA 95046 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in San Martin?
The typical home went under contract in 22 days in the latest three months.
Do homes in San Martin sell over asking?
22% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.
What are property taxes in San Martin?
About 1.20% of a home’s value a year in Santa Clara County, or roughly $4,800 on a $400,000 home.
What is the median home price in San Martin?
The median sale price was $1,499,351 in the three months ending August 31, 2026, about $789 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology