Walnut Creek Housing Market Report – May 2026
Here's a look at how the Walnut Creek, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 123
- Median Sale Price: $1,242,000
- Average Sale Price: $1,225,357
- Average Price Per Sq Ft: $653
- Average Days on Market: 43
- Sale-to-List Price Ratio: 101.4%
Month-Over-Month Trends
Compared to April, the median sale price in Walnut Creek moved 21.8% up (from $1,020,000 to $1,242,000). The number of homes sold was 7.9% up compared to the prior month (114 vs. 123). Average days on market shifted 2.3% down (44 days to 43 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 41.6% up (from $877,000 to $1,242,000). Sales volume is 1.7% up year-over-year.
What This Means
Walnut Creek's housing market is firing on all cylinders in May, with prices climbing dramatically and homes moving faster than they have in months. The median sale price jumped nearly 22 percent month-over-month to $1.24 million, continuing a robust upward trajectory that's now 41.6 percent higher than a year ago. What's particularly telling is that homes are selling above asking price—the 101.4 percent sale-to-list ratio confirms that buyer demand remains strong enough to overcome any seasonal slowdown. Days on market dipped to just 43 days, the fastest pace we've seen recently, suggesting that well-priced inventory is moving quickly in this competitive environment.
The spring market is clearly energizing Walnut Creek, though the robust sales volume likely reflects improved data collection rather than a genuine surge in activity. What matters more is the underlying trend: prices are accelerating substantially, and the absorption rate tells us supply isn't keeping pace with demand. With only 378 active listings sitting at a median ask of $755,000, there's a meaningful gap between what's available and what's selling. This supply-demand imbalance is the real story pushing prices upward. For buyers, patience is becoming a luxury; for sellers, timing couldn't be better.
Walnut Creek Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 94598 | 44 | $1,556,250 | $671 | 33 |
| 94595 | 37 | $925,000 | $616 | 52 |
| 94597 | 24 | $1,053,741 | $642 | 45 |
| 94596 | 18 | $1,396,500 | $701 | 46 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 63 | $1,635,000 | $758 |
| CONDOS | 37 | $685,000 | $554 |
| TOWNHOMES | 14 | $737,500 | $513 |
| CONDO | 9 | $595,000 | $551 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $200K - $299K | 3 |
| $300K - $399K | 6 |
| $400K - $499K | 5 |
| $500K - $749K | 17 |
| $750K+ | 91 |
Current Active Listings
As of this report, there are 378 active listings in Walnut Creek with a median asking price of $755,000 and an average of 59 days on market.
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