Monthly market wrap MONTHLY MARKET WRAP Milpitas Single-family homes · May 2026 The Milpitas market eased in May: most key signals moved the buyer's way. Median sale price $1.5M ▲ +3.4% vs Apr Time to pending 16d ▲ 6 days slower vs Apr Sold over asking 76% ▼ -4 pts vs Apr Active listings 22 ▲ +15.8% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Milpitas Single-family homes · May 2026 Bidding wars are the norm in Milpitas: 76% of SFHs sold over asking. 105.5% average sale price vs. asking price Sold over asking 76% vs. a year ago +6 pts 106.3% 103.9% 101.4% Sold at asking price 105.5% 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 Single-family homes · May 2026 Milpitas SFHs are closing +5.5% above asking. The list price is the floor, not the ceiling. +$276K median sale price minus asking price Median asking price $1.22M Median sale price $1.5M $1.83M $1.57M $1.31M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Milpitas Single-family homes · May 2026 Milpitas SFH values dipped -24.1% from a year ago. $1.5M median sale price Year over year -24.1% Homes sold last month 17 $1.71M $1.42M $1.13M $1.5M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Milpitas Single-family homes · May 2026 The typical Milpitas SFH goes pending in 16 days, 2 days slower than last year. 16 days median time to pending Gone within two weeks 82% vs. a year ago 2 days slower 30d 20d 10d 16d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Milpitas Single-family homes · May 2026 Milpitas inventory is down 31.3% year over year, keeping buyer choice tight. 22 active listings Year over year -31.3% Months of supply 1.3 27 19 10 22 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 Single-family homes · May 2026 1 in 4 Milpitas listings cut its asking price last month. 27% of active listings cut their asking price vs. a year ago -1 pts Active listings 22 34% 23% 12% 27% Jun 2024 May 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Milpitas Single-family homes · May 2026 82% of Milpitas SFHs went pending within two weeks. Priced-right listings do not wait. 82% of listings went pending within two weeks Median time to pending 16 days vs. a year ago +25 pts 59% 37% 16% Half of listings 82% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Milpitas Single-family homes · May 2026 December is historically Milpitas's calmest month for buyers: 4.9 pts less over-asking than March. December historically the calmest month for buyers Buyer's edge vs March -4.9 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.3 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 Single-family homes · May 2026 A Milpitas SFH bought in 2016 has gained +58% in value since. +58% median sale price growth since 2016 Median price in 2016 $948K Average gain per year +4.7% $1.56M $1.29M $1.02M $1.5M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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