About Milpitas
Located in northern
Santa Clara County, the City of Milpitas is an affluent and well educated Bay Area community. Education is one of the city’s top priorities as all public schools in the city are run by Milpitas Unified School District and the city provides a great public library to its residents. Neighbored by
San Jose and Fremont, this city has gained the nickname the “Crossroads of the Silicon Valley” because of its proximity to so many forms of transportation like major freeways I-880, I-680, and is home to two of the most frequently-used forms of public transportation, B.A.R.T. and VTA Light Rail. According to the United States Census Bureau, Milpitas homes are 80 percent comprised of single family homes and 20 percent multi-unit dwellings like Milpitas rental apartments. The city also maintains 31 city-run parks and recreational services for its residents, such as arts and theater programs, sport leagues, youth programs and senior activities and services. Enhance your Milpitas real estate search by using zip codes
95035 or
95036, or
Find an Agent to make your search for a Milpitas home smoother and easier.
REAL ESTATE MARKET STATISTICS
Location: Milpitas
Geography Type: City
Data Period: Mar 2026
Source: MLSListings (www.mlslistings.com) Provided by Aculist
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SINGLE FAMILY HOMES
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Median Sale Price: $1,620,000 (10.6% YoY)
Average Sale Price: $1,658,745
Active Listings: 20
New Listings: 22
Pending Sales: 10
Closed Sales: 13
Median Days on Market: 12 days
Average Days on Market: 18 days
Median Price/SqFt: $1,005
Average Price/SqFt: $1,072
Sale-to-List Ratio: 110%
Months of Inventory: 1.6
Total Sale Volume: $21,563,688
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CONDOS & TOWNHOMES (ATTACHED HOMES)
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Median Sale Price: $1,140,000
Average Sale Price: $999,450
Active Listings: 44
New Listings: 38
Pending Sales: 38
Closed Sales: 19
Median Days on Market: 10 days
Average Days on Market: 28 days
Median Price/SqFt: $738
Average Price/SqFt: $723
Sale-to-List Ratio: 102%
Months of Inventory: 3.4
Total Sale Volume: $18,989,562
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MARKET INTERPRETATION
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• SELLER'S MARKET: Less than 3 months of inventory indicates strong demand and competitive conditions for buyers.
• COMPETITIVE BIDDING: Homes selling at 10% over asking price on average.
• FAST-MOVING: Median 2 weeks or less on market indicates high demand.
May 2024 – Mar 2026
Single-family homes in Milpitas have a median sale price of $1,620,000, up 11.7% over the past 3 months. There are 20 active listings, and 13 homes sold last month, with a median of 12 days on market. Condos and townhomes average $1,140,000, with 44 currently available. The price per square foot is $1,005 for single-family homes versus $738 for attached homes.
Median Sale Price Trends
Single Family Homes
Condos & Townhomes