Monthly market wrap MONTHLY MARKET WRAP Milpitas Condos · May 2026 The Milpitas market tilted hotter in May: most key signals moved the seller's way. Median sale price $968K ▲ +1.8% vs Apr Time to pending 24d ▲ 2 days slower vs Apr Sold over asking 50% +0 pts vs Apr Active listings 29 +0.0% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Milpitas Condos · May 2026 Most Milpitas condos are still selling over asking (50%). Price to invite competition. 102.1% average sale price vs. asking price Sold over asking 50% vs. a year ago -10 pts 103.2% 101.5% 99.9% Sold at asking price 102.1% 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 Condos · May 2026 The typical Milpitas condo closes +2.1% above its asking price. -$257K median sale price minus asking price Median asking price $1.22M Median sale price $968K $1.34M $1.03M $722K Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Milpitas Condos · May 2026 Milpitas condo values edged up +1.9% year over year. $968K median sale price Year over year +1.9% Homes sold last month 10 $1.02M $910K $798K $968K Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Milpitas Condos · May 2026 The typical Milpitas condo goes pending in 24 days, 1 day slower than last year. 24 days median time to pending Gone within two weeks 33% vs. a year ago 1 day slower 1102d 735d 367d 24d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Milpitas Condos · May 2026 Milpitas inventory is up 70.6% year over year, so sellers have more competition. 29 active listings Year over year +70.6% Months of supply 2.9 25 19 13 29 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 Condos · May 2026 1 in 3 Milpitas listings cut its asking price last month, up 8 pts from a year ago. 31% of active listings cut their asking price vs. a year ago +8 pts Active listings 29 29% 22% 16% 31% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Milpitas Condos · May 2026 Only 33% of Milpitas condos went pending within two weeks. Most listings are taking their time. 33% of listings went pending within two weeks Median time to pending 24 days vs. a year ago -7 pts 41% 25% 9% Half of listings 33% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Milpitas Condos · May 2026 November is historically Milpitas's calmest month for buyers: 4.1 pts less over-asking than April. November historically the calmest month for buyers Buyer's edge vs April -4.1 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -1.7 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 Condos · May 2026 A Milpitas condo bought in 2016 has gained +52% in value since. +52% median sale price growth since 2016 Median price in 2016 $636K Average gain per year +4.3% $930K $810K $690K $968K May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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