Alamo Housing Market Report – May 2026
Here's a look at how the Alamo, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 24
- Median Sale Price: $2,271,000
- Average Sale Price: $3,424,579
- Average Price Per Sq Ft: $948
- Average Days on Market: 81
- Sale-to-List Price Ratio: 102.3%
Month-Over-Month Trends
Compared to April, the median sale price in Alamo moved 15.9% down (from $2,700,000 to $2,271,000). The number of homes sold was 4.0% down compared to the prior month (25 vs. 24). Average days on market shifted 84.1% up (44 days to 81 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 19.2% down (from $2,810,000 to $2,271,000). Sales volume is 26.3% up year-over-year.
What This Means
Alamo's luxury market is showing signs of cooling as spring transitions into summer. The median price dropped 15.9% month-over-month to $2.27 million, continuing a broader downward trend that's down nearly 20% year-over-year. While this sounds concerning, it's worth noting that prices remain robust—homes are still selling above asking at 102.3%, suggesting underlying demand persists despite the decline. The real story is in the pace of sales: homes are now lingering for an average of 81 days, nearly double the 44-day average from April. This slowdown likely reflects a combination of seasonal factors and the high-interest-rate environment that continues to pressure buyer activity in the luxury segment.
The inventory situation tells an interesting tale. With 55 active listings and a median asking price of $3.1 million, supply is building relative to the thin sales volume of 24 homes. Sellers seem optimistic—asking prices remain elevated compared to actual sale prices—but the inventory overhang suggests they may need to adjust expectations. For buyers in Alamo, this shift provides more choice and potentially more negotiating room after months of bidding wars. The market is normalizing from the pandemic frenzy, but strength in the sale-to-list ratio indicates this remains a desirable area where quality properties still attract serious interest.
Alamo Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94507 | 24 | $2,271,000 | $948 | 81 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 21 | $2,300,000 | $977 |
| TOWNHOMES | 2 | $1,154,500 | $636 |
| LAND | 1 | $1,050,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $750K+ | 24 |
Current Active Listings
As of this report, there are 55 active listings in Alamo with a median asking price of $3,098,000 and an average of 66 days on market.
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