Monthly market wrap MONTHLY MARKET WRAP Milpitas Townhouses · May 2026 The Milpitas market eased in May: most key signals moved the buyer's way. Median sale price $1.16M ▼ -9.0% vs Apr Time to pending 12d ▼ 13 days faster vs Apr Sold over asking 64% ▼ -4 pts vs Apr Active listings 30 ▲ +20.0% vs Apr Generated by ListingCopilot.io Source: Redfin housing market data
Sale price vs asking SALE PRICE VS ASKING Milpitas Townhouses · May 2026 Most Milpitas townhouses are still selling over asking (64%). Price to invite competition. 102.8% average sale price vs. asking price Sold over asking 64% vs. a year ago -19 pts 109.2% 105.6% 102.0% Sold at asking price 102.8% 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 Townhouses · May 2026 The typical Milpitas townhouse closes +2.8% above its asking price. -$69K median sale price minus asking price Median asking price $1.22M Median sale price $1.16M $1.44M $1.29M $1.15M Sold Asking Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Median sale price MEDIAN SALE PRICE Milpitas Townhouses · May 2026 Milpitas townhouse values dipped -11.2% from a year ago. $1.16M median sale price Year over year -11.2% Homes sold last month 14 $1.33M $1.15M $967K $1.16M Jun 2019 Dec 2022 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Time to sell TIME TO SELL Milpitas Townhouses · May 2026 Milpitas townhouses are flying off the market in 12 days, 6 days faster than last year. 12 days median time to pending Gone within two weeks 46% vs. a year ago 6 days faster 62d 41d 21d 12d Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data
Active listings ACTIVE LISTINGS Milpitas Townhouses · May 2026 Milpitas inventory is up 76.5% year over year, so sellers have more competition. 30 active listings Year over year +76.5% Months of supply 2.1 25 17 8 30 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 Townhouses · May 2026 17% of Milpitas listings cut their asking price last month, down 19 pts from a year ago. 17% of active listings cut their asking price vs. a year ago -19 pts Active listings 30 35% 27% 18% 17% Jul 2024 Aug 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data The two-speed market THE TWO-SPEED MARKET Milpitas Townhouses · May 2026 Milpitas moves at two speeds: 46% of townhouses were gone inside two weeks while the rest sat longer. 46% of listings went pending within two weeks Median time to pending 12 days vs. a year ago +21 pts 46% 32% 19% Half of listings 46% Jun 2024 Jun 2025 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data Best month to buy BEST MONTH TO BUY Milpitas Townhouses · May 2026 October is historically Milpitas's calmest month for buyers: 5.3 pts less over-asking than March. October historically the calmest month for buyers Buyer's edge vs March -5.3 pts Years of Redfin data 11+ Yearly average J F M A M J J A S O N D -2.5 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 Townhouses · May 2026 Milpitas townhouse values are up +39% over the past 10 years. +39% median sale price growth since 2016 Median price in 2016 $830K Average gain per year +3.4% $1.21M $1.03M $854K $1.16M May 2016 May 2021 May 2026 Generated by ListingCopilot.io Source: Redfin housing market data For agents only
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