Milpitas, CA Housing Market
Median List Price
$1,099,000
Updated August 2026
Today, Milpitas has 84 homes for sale at a median list price of $1,099,000, typically selling in about 38 days.
Milpitas Market Analysis
The median list price in Milpitas, CA is $1.1M. Current inventory stands at 84 active listings. 37 new listings came on the market in the last 30 days.
Expect a median around $829,500 for two bedroom homes and $1.6M at the four bedroom end. Townhomes lead the mix at 38.1%, with condos accounting for another 36.9%. February to July saw the median price go from $1.3M to $1.4M, up about 6.7%. Per square foot, the median stands at $763.
Homes here typically go under contract in about 14 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Milpitas, CA sits within the 95035 ZIP code.
Milpitas Rental Market
The median asking rent in Milpitas, CA is $4,000. Current inventory stands at 3 active rental listings. The median rent has been flat over the last six months, $4,300 in January and $4,295 in June.
Milpitas Market Pulse
Topfind Market Read
The picture is mixed here. Sale prices are up 9% over the last six months, though still 3% below a year ago, yet 35% of sellers have trimmed their asking price, so neither side holds a clear advantage. Realistic pricing wins for sellers, and patient, prepared buyers can secure fair terms.
Median Home Price
$1.10M
↓ 3% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
4.7 months of supply
Balanced Supply84 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~38 days.
Sales Velocity
How fast homes are selling
Homes are selling at a steady pace, so buyers have some time, though competition still exists. Homes are moving 40% faster than six months ago.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 55% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in Milpitas
Homeownership is near the state average, with a balanced mix of owners and renters.
59%
Homeowners
41%
Renters
Homeownership is 3.5 points higher than the California average (55.5%)
24,713 households (2023)
Median Price by Bedroom
Home prices generally rise with bedroom count, though not every step adds value.
Each additional bedroom adds about $296K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 1 → 2 bedrooms (+$450K)
Price Reductions
29 listings have reduced their price
35% of active listings
Average reduction: 7.4% (~$81K)
Browse Milpitas Listings
Frequently Asked Questions about the Milpitas, CA Housing Market
What is the median home price in Milpitas, CA?
The median list price in Milpitas is $1,099,000 as of August 2026, based on 84 active listings.
Is Milpitas a buyer's market or a seller's market?
Milpitas currently reads as a balanced market. Active inventory works out to about 4.7 months of supply at the recent sales pace.
How fast do homes sell in Milpitas?
Homes that closed in the last 90 days typically went under contract in about 14 days. The average home currently for sale has been on the market for 38 days.
Are home prices in Milpitas going up or down?
The median sale price in Milpitas is down about 2.7% compared with a year ago.
How many homes are for sale in Milpitas, CA?
There are 84 homes for sale in Milpitas right now, including 12 listed within the last week.
What is the median rent in Milpitas?
The median asking rent in Milpitas is $4,000 per month, across 3 active rental listings.