Los Banos Housing Market Report – May 2026
Here's a look at how the Los Banos, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 30
- Median Sale Price: $455,386
- Average Sale Price: $452,363
- Average Price Per Sq Ft: $283
- Average Days on Market: 84
- Sale-to-List Price Ratio: 101.0%
Month-Over-Month Trends
Compared to April, the median sale price in Los Banos moved 3.3% down (from $471,000 to $455,386). The number of homes sold was 25.0% down compared to the prior month (40 vs. 30). Average days on market shifted 0.0% down (84 days to 84 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 12.4% down (from $520,000 to $455,386). Sales volume is 36.2% down year-over-year.
What This Means
Los Banos is showing signs of a cooling market heading into summer 2026. While homes are still selling slightly above listing price, the year-over-year median price decline of 12.4 percent signals meaningful downward pressure compared to May 2025. This aligns with broader California trends as higher interest rates continue to dampen buyer enthusiasm. The month-over-month dip of 3.3 percent suggests momentum may be slowing as we transition into the traditionally busier summer season, which is somewhat counterintuitive but worth monitoring.
The real story here is inventory and time. With 189 active listings sitting at a median asking price of $500,000, sellers are asking more than what recent sales suggest the market will bear. The gap between listing prices and actual sale prices, combined with listings averaging 115 days on market, indicates buyers have options and aren't feeling rushed. Sellers listing above $500,000 may need to adjust expectations if they want to move quickly.
For buyers, Los Banos is becoming a bit more favorable than it was a year ago. The median price of $455,386 and consistent 84-day DOM suggest this is a balanced market leaning slightly toward purchasers. If you're thinking about making a move, the negotiating power is tilting in your favor compared to 2025.
Los Banos Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93635 | 30 | $455,386 | $283 | 84 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 28 | $456,386 | $277 |
| MOBILE | 1 | $98,000 | $123 |
| MULTI_FAMILY | 1 | $458,000 | $612 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $300K - $399K | 2 |
| $400K - $499K | 21 |
| $500K - $749K | 6 |
Current Active Listings
As of this report, there are 189 active listings in Los Banos with a median asking price of $500,000 and an average of 115 days on market.
Thinking About Selling Your Los Banos Home?
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