Exeter Housing Market Report – May 2026
Here's a look at how the Exeter, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 17
- Median Sale Price: $375,000
- Average Sale Price: $427,147
- Average Price Per Sq Ft: $240
- Average Days on Market: 71
- Sale-to-List Price Ratio: 98.1%
Month-Over-Month Trends
Compared to April, the median sale price in Exeter moved 9.3% up (from $343,000 to $375,000). The number of homes sold was 21.4% up compared to the prior month (14 vs. 17). Average days on market shifted 22.8% down (92 days to 71 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 16.7% down (from $450,000 to $375,000). Sales volume is 112.5% up year-over-year.
What This Means
Exeter's housing market is showing some encouraging momentum heading into summer, though the picture remains mixed. Sales picked up significantly in May compared to April, but this jump likely reflects improved data collection rather than a true surge in buyer activity. The more telling sign is how quickly homes are moving off the market—days on market dropped from 92 to 71 days month-over-month, suggesting stronger buyer interest. Homes are also selling closer to asking price at 98.1%, which indicates a relatively balanced market where neither buyers nor sellers have overwhelming leverage.
The year-over-year comparison tells a different story, however. Median prices are down 16.7% from May 2025's $450,000, a decline that reflects the broader cooling from last year's peak. Despite this, we're seeing some stabilization—the month-over-month 9.3% jump in median price suggests the market may have found a floor. With 69 active listings carrying a median asking price of $474,000, inventory remains healthy, and the gap between active list prices and actual sale prices indicates realistic expectations among sellers.
For buyers, Exeter appears fairly accessible at current price levels. For sellers, patience may be rewarded as spring momentum builds, though expectations need to align with the reality that this market is cooler than twelve months ago.
Exeter Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93221 | 17 | $375,000 | $240 | 71 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 14 | $362,499 | $256 |
| MULTI_FAMILY | 2 | $520,000 | $199 |
| MOBILE | 1 | $121,000 | $105 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $200K - $299K | 3 |
| $300K - $399K | 7 |
| $400K - $499K | 1 |
| $500K - $749K | 3 |
| $750K+ | 2 |
Current Active Listings
As of this report, there are 69 active listings in Exeter with a median asking price of $474,010 and an average of 152 days on market.
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