Campbell Housing Market Report – May 2026
Here's a look at how the Campbell, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 28
- Median Sale Price: $1,662,500
- Average Sale Price: $1,621,910
- Average Price Per Sq Ft: $1,028
- Average Days on Market: 36
- Sale-to-List Price Ratio: 104.1%
Month-Over-Month Trends
Compared to April, the median sale price in Campbell moved 23.2% down (from $2,165,000 to $1,662,500). The number of homes sold was 9.7% down compared to the prior month (31 vs. 28). Average days on market shifted 2.9% up (35 days to 36 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 9.2% down (from $1,830,000 to $1,662,500). Sales volume is 28.2% down year-over-year.
What This Means
Campbell's real estate market is showing signs of cooling this May, with prices pulling back noticeably from spring peaks. The median sale price dropped over 23 percent from April, settling at $1.66 million, though this month-over-month decline appears partly seasonal as spring buying frenzy typically gives way to a slower summer market. The year-over-year decline of 9.2 percent suggests more substantive underlying softness, likely reflecting the cumulative impact of sustained higher interest rates on buyer purchasing power in this expensive Silicon Valley corridor.
What's particularly telling is that homes are still selling above asking price with a 104.1 percent sale-to-list ratio, indicating sellers haven't fully adjusted expectations despite market headwinds. However, properties are lingering slightly longer on the market at 36 days average, and the growing inventory of 122 active listings suggests buyers finally have more options. The median asking price of $1.79 million on active listings sits well above what's actually selling, signaling a potential gap between seller expectations and buyer reality.
For anyone watching Campbell, the picture is mixed. It's not a crash, but it's definitely not a seller's market anymore. The combination of inventory growth, price resistance, and longer selling times suggests a normalization is underway after years of extreme competition.
Campbell Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95008 | 28 | $1,662,500 | $1,028 | 36 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 15 | $1,850,000 | $1,221 |
| CONDOS | 6 | $766,944 | $685 |
| TOWNHOMES | 6 | $1,555,000 | $804 |
| MULTI_FAMILY | 1 | $1,650,000 | $1,549 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $400K - $499K | 1 |
| $500K - $749K | 1 |
| $750K+ | 26 |
Current Active Listings
As of this report, there are 122 active listings in Campbell with a median asking price of $1,798,400 and an average of 42 days on market.
Thinking About Selling Your Campbell Home?
If you're a homeowner in Campbell considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Campbell and throughout Santa Clara County — get a no-obligation cash offer today.