83 homes in Milpitas

Milpitas is a city in Santa Clara County, California, United States and part of Silicon Valley and the broader San Francisco Bay Area. Located on the eastern shore of San Francisco Bay, it is bordered by San Jose to the south, Fremont to the north, and the Coyote Creek to the west, and Calaveras Reservoir to the east.
Milpitas is a diverse city at the north end of Silicon Valley. Features Great Mall, tech employment, and BART access.
Today, Milpitas has 83 homes for sale at a median price of $1,099,000, typically selling in about 35 days. Families here choose from 12 schools rated 8 or higher on the Topfind School Score.
Powered by the Topfind School Score
Topfind Market Read
Sellers hold the edge right now. Sale prices are up 7% over the last six months, though still 4% below a year ago, and selling times have improved 40% versus six months ago. At the same time, 33% of sellers have trimmed their asking price, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.10M
↓ 4% 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
3.8 months of supply
Balanced Supply83 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 ~35 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 58% 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 (+$456K)
Price Reductions
27 listings have reduced their price
33% of active listings
Average reduction: 7.6% (~$84K)
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