Monthly market wrap MONTHLY MARKET WRAP Milpitas All home types · May 2026 The Milpitas market eased in May: most key signals moved the buyer's way. Median sale price $1.26M ▼ -4.2% vs Apr Time to pending 18d ▲ 1 day slower vs Apr Sold over asking 66% ▼ -5 pts vs Apr Active listings 81 ▲ +11.0% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Milpitas All home types · May 2026 Most Milpitas homes are still selling over asking (66%). Price to invite competition. 103.7% average sale price vs. asking price Sold over asking 66% vs. a year ago -8 pts 105.5% 103.3% 101.2% Sold at asking price 103.7% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Are you an agent? Create a branded market page for free like this for your own cities.
Try ListingCopilot → The negotiation gap THE NEGOTIATION GAP Milpitas All home types · May 2026 The typical Milpitas home closes +3.7% above its asking price. +$36K median sale price minus asking price Median asking price $1.22M Median sale price $1.26M $1.52M $1.38M $1.25M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Milpitas All home types · May 2026 Milpitas home values dipped -10.1% from a year ago. $1.26M median sale price Year over year -10.1% Homes sold last month 41 $1.39M $1.21M $1.03M $1.26M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Milpitas All home types · May 2026 The typical Milpitas home goes pending in 18 days, 3 days slower than last year. 18 days median time to pending Gone within two weeks 57% vs. a year ago 3 days slower 30d 20d 10d 18d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Milpitas All home types · May 2026 Milpitas inventory is up 20.9% year over year, so sellers have more competition. 81 active listings Year over year +20.9% Months of supply 2.0 70 52 33 81 Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Buying or selling in Milpitas? Jason tracks this market every month and can give you a local read before your next move.
Price cuts PRICE CUTS Milpitas All home types · May 2026 25% of Milpitas listings cut their asking price last month, down 4 pts from a year ago. 25% of active listings cut their asking price vs. a year ago -4 pts Active listings 81 27% 21% 14% 25% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Milpitas All home types · May 2026 Milpitas moves at two speeds: 57% of homes were gone inside two weeks while the rest sat longer. 57% of listings went pending within two weeks Median time to pending 18 days vs. a year ago +12 pts 50% 35% 20% Half of listings 57% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Milpitas All home types · May 2026 December is historically Milpitas's calmest month for buyers: 4.6 pts less over-asking than April. December historically the calmest month for buyers Buyer's edge vs April -4.6 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.0 pts Bars over/under-asking vs the yearly average Line price seasonalityGenerated by ListingCopilot.io Source: Redfin housing market data 10-year price growth WAITING HAS A PRICE Milpitas All home types · May 2026 A Milpitas home bought in 2016 has gained +51% in value since. +51% median sale price growth since 2016 Median price in 2016 $837K Average gain per year +4.2% $1.3M $1.11M $922K $1.26M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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