Milpitas, CA Housing Market: Home Prices and Trends
Milpitas, Santa Clara County, Silicon Valley. Home prices, inventory, and real estate market trends from five years of MLS data, updated monthly.
- Median sale price
- The median sale price of a home in Milpitas was $1.44M in September 2026, based on 22 closed sales, down 2.9% vs Last Year. The average sale price was $1.51M, up 7.3% vs Last Year.
- Compared with the county
- The Milpitas median sale price of $1.44M sits 12.9% below the Santa Clara County median of $1.65M for September 2026.
- Days on market
- Homes in Milpitas sold in a median of 23 days on market in September 2026, and an average of 31 days, up 10.3% vs Last Year. The county average was 31 days.
- Active listings
- There were 79 active listings in Milpitas as of September 15, 2026, up 12.9% vs Last Year, or 3.1 months of supply against 2.5 months countywide.
- Sale to list ratio
- Closed sales in Milpitas averaged 103.1% of final list price in September 2026, down 1.9% vs Last Year. The Santa Clara County figure was 103.3%.
- Closed sales, 2026
- 229 homes closed in Milpitas from January through September 2026 for $321.61M, down 6.1% in sales and down 12.1% in volume vs Last Year.
- Sale price, 2026 year to date
- The 2026 year to date median sale price in Milpitas is $1.29M, down 8.7% vs Last Year. The year to date average sale price is $1.40M, down 6.4% vs Last Year.
- Price per square foot, 2026 year to date
- The 2026 year to date median price per square foot in Milpitas is $785, down 7.5% vs Last Year. The average price per square foot is $848, down 5.6% vs Last Year.
The Milpitas market in September 2026
One figure stands out for Milpitas in September 2026: 22 homes closed in Milpitas in September, against a September average of 36 over 2021 to 2025. Milpitas recorded a median sale price of $1.44M in September 2026, based on 22 closed sales, 2.9% below September 2025, and an average sale price of $1.51M, 7.3% higher. Across Santa Clara County the median sale price was $1.65M, so the median Milpitas sale was 12.9% below the county median. Milpitas homes sold in a median of 23 days and an average of 31 days, up 10.3% vs Last Year on average, the same as the county average of 31. The aggregate sale to list ratio was 103.1%, against the county figure of 103.3%. From January through September 2026, 229 homes closed in Milpitas for a combined $321.61M, compared with 244 sales and $366.08M over the same nine months of 2025. The 2026 year to date median sale price of $1.29M is 8.7% below the same months of 2025, the average of $1.40M is 6.4% lower, and the median price per square foot of $785 is 7.5% lower.
Aegis Market Read: Milpitas, September 2026
Calculated by Aegis Luxury Real Estate from MLSListings Inc. data
22 homes closed in Milpitas in September, against a September average of 36 over 2021 to 2025. Milpitas carried 3.1 months of supply on September 15, 2026, against 2.5 months across Santa Clara County. The September median sale price of $1.44M was 12.9% below the Santa Clara County median of $1.65M. Half of September's sales closed within 23 days on market while the average ran 31 days, so most homes went under contract well inside the average and a smaller group of slower listings pulled it up. Buyers had more to choose from, with 79 active listings on September 15, 2026, up 12.9% vs Last Year, while closed sales still averaged 103.1% of final list price, above the final asking price. The September median sale price of $1.44M sits above the 2026, Jan to Sep median of $1.29M, one month set against the year so far.
What is the median home price in Milpitas?
The median sale price in Milpitas was $1.44M in September 2026, down 2.9% vs Last Year, against a Santa Clara County median of $1.65M. The average sale price was $1.51M. For 2026 to date the median is $1.29M and the average is $1.40M, with a median price per square foot of $785 and an average of $848.
Median sale price, Milpitas, by month, 2021 to 2026, with the 2026 Santa Clara County median, in millions
Median sale price, last 12 months as text
Oct 2025 $1.39M, Nov 2025 $1.38M, Dec 2025 $1.24M, Jan 2026 $1.23M, Feb 2026 $1.45M, Mar 2026 $1.27M, Apr 2026 $1.28M, May 2026 $1.26M, Jun 2026 $1.36M, Jul 2026 $1.35M, Aug 2026 $1.23M, Sep 2026 $1.44M. Santa Clara County 2026: Jan $1.48M, Feb $1.63M, Mar $1.70M, Apr $1.73M, May $1.70M, Jun $1.65M, Jul $1.61M, Aug $1.55M, Sep $1.65M.
Milpitas sale price by year, with Santa Clara County
| Year | Median sale price | Median vs Last Year | Average sale price | Average vs Last Year | Median price per sq ft | Average price per sq ft | County median sale price |
|---|---|---|---|---|---|---|---|
| 2021 | $1.20M | +15.4% | $1.22M | +13.8% | $743 | $775 | $1.39M |
| 2022 | $1.33M | +10.8% | $1.36M | +11.6% | $823 | $860 | $1.50M |
| 2023 | $1.31M | -1.5% | $1.31M | -3.4% | $823 | $851 | $1.50M |
| 2024 | $1.38M | +5.0% | $1.41M | +7.6% | $876 | $933 | $1.63M |
| 2025 | $1.40M | +2.0% | $1.50M | +6.3% | $849 | $895 | $1.67M |
| 2026, Jan to Sep | $1.29M | -8.7% | $1.40M | -6.4% | $785 | $848 | $1.65M |
| Last 12 months | $1.30M | -6.2% | $1.42M | -2.4% | $798 | $855 | $1.64M |
Annual figures are calculated from all closed sales reported to MLSListings Inc. for that calendar year, all property types. The 2026 row covers January through September and is compared with January through September 2025, the same comparison used in the answers above. Last 12 months covers October 2025 through September 2026 and is compared with the 12 months before it.
Milpitas sale price by month, 2026 against 2025
| Month | Median 2026 | Median 2025 | Median vs Last Year | Average 2026 | Average 2025 | County median 2026 |
|---|---|---|---|---|---|---|
| Jan | $1.23M | $1.28M | -4.3% | $1.25M | $1.40M | $1.48M |
| Feb | $1.45M | $1.40M | +3.6% | $1.66M | $1.37M | $1.63M |
| Mar | $1.27M | $1.43M | -11.3% | $1.23M | $1.42M | $1.70M |
| Apr | $1.28M | $1.41M | -9.1% | $1.36M | $1.63M | $1.73M |
| May | $1.26M | $1.40M | -10.0% | $1.39M | $1.54M | $1.70M |
| Jun | $1.36M | $1.58M | -13.7% | $1.40M | $1.52M | $1.65M |
| Jul | $1.35M | $1.33M | +1.7% | $1.37M | $1.50M | $1.61M |
| Aug | $1.23M | $1.41M | -12.8% | $1.44M | $1.58M | $1.55M |
| Sep | $1.44M | $1.48M | -2.9% | $1.51M | $1.41M | $1.65M |
How long does it take to sell a home in Milpitas?
Homes in Milpitas sold in a median of 23 days on market in September 2026 and an average of 31 days, up 10.3% vs Last Year. The Santa Clara County average was 31 days. For 2026 to date the median is 13 days and the average is 25 days.
Average days on market, Milpitas, by month, 2021 to 2026, with the 2026 Santa Clara County average, days
Average days on market, last 12 months as text
Oct 2025 23, Nov 2025 20, Dec 2025 44, Jan 2026 59, Feb 2026 12, Mar 2026 24, Apr 2026 22, May 2026 19, Jun 2026 21, Jul 2026 26, Aug 2026 29, Sep 2026 31. Santa Clara County 2026: Jan 40, Feb 27, Mar 21, Apr 20, May 23, Jun 26, Jul 32, Aug 30, Sep 31.
Milpitas days on market by year, with Santa Clara County
| Year | Median days on market | Average days on market | Average vs Last Year | County average days on market |
|---|---|---|---|---|
| 2021 | 8 | 14 | -31.2% | 17 |
| 2022 | 9 | 15 | +4.9% | 18 |
| 2023 | 9 | 18 | +21.4% | 21 |
| 2024 | 10 | 18 | -3.3% | 19 |
| 2025 | 14 | 22 | +25.8% | 24 |
| 2026, Jan to Sep | 13 | 25 | +17.6% | 27 |
| Last 12 months | 13 | 25 | +16.1% | 27 |
Days on market is the MLS days on market field reported for each closed sale; sales without that field are left out. The median is the middle sale when every sale is ranked by days on market, so a handful of slow sales moves the average far more than the median. The 2026 row is compared with January through September 2025.
Milpitas days on market by month, 2026 against 2025
| Month | Median 2026 | Median 2025 | Average 2026 | Average 2025 | Average vs Last Year | County average 2026 |
|---|---|---|---|---|---|---|
| Jan | 30 | 9 | 59 | 17 | +248.4% | 40 |
| Feb | 9 | 9 | 12 | 11 | +8.1% | 27 |
| Mar | 11 | 10 | 24 | 21 | +17.5% | 21 |
| Apr | 14 | 11 | 22 | 18 | +20.2% | 20 |
| May | 12 | 14 | 19 | 17 | +10.9% | 23 |
| Jun | 13 | 15 | 21 | 20 | +5.6% | 26 |
| Jul | 14 | 17 | 26 | 25 | +2.9% | 32 |
| Aug | 16 | 16 | 29 | 28 | +3.4% | 30 |
| Sep | 23 | 16 | 31 | 28 | +10.3% | 31 |
How many homes are for sale in Milpitas?
There were 79 active listings in Milpitas as of September 15, 2026, up 12.9% vs Last Year. That is 3.1 months of supply at the pace of sales over the prior three months, against 2.5 months across Santa Clara County.
Active listings on the 15th, Milpitas, by month, 2021 to 2026, listings
Active listings, last 12 months as text
Oct 2025 67, Nov 2025 53, Dec 2025 40, Jan 2026 51, Feb 2026 65, Mar 2026 74, Apr 2026 69, May 2026 82, Jun 2026 75, Jul 2026 77, Aug 2026 72, Sep 2026 79.
Milpitas average active listings by year
| Year | Average active listings | vs Last Year |
|---|---|---|
| 2021 | 78 | |
| 2022 | 70 | -10.9% |
| 2023 | 45 | -35.3% |
| 2024 | 67 | +49.8% |
| 2025 | 67 | -0.1% |
| 2026, Jan to Sep | 72 | -0.6% |
Active listings are counted on the 15th of each month and include listings under contract that had not yet closed. The annual figure is the average of the monthly counts; the 2026 row averages January through September and is compared with the same months of 2025.
Milpitas active listings by month, 2026 against 2025
| Month | 2026 | 2025 | vs Last Year |
|---|---|---|---|
| Jan | 51 | 37 | +37.8% |
| Feb | 65 | 59 | +10.2% |
| Mar | 74 | 78 | -5.1% |
| Apr | 69 | 87 | -20.7% |
| May | 82 | 80 | +2.5% |
| Jun | 75 | 88 | -14.8% |
| Jul | 77 | 80 | -3.8% |
| Aug | 72 | 69 | +4.3% |
| Sep | 79 | 70 | +12.9% |
Milpitas active listings by price band, September 15, 2026
| Price band | Active listings | Share of listings | Months of supply |
|---|---|---|---|
| Under $1.5M | 59 | 75% | 3.4 |
| $1.5M to $2.5M | 17 | 22% | 2.4 |
| $2.5M and above | 3 | 4% | 3.0 |
| All price bands | 79 | 100% | 3.1 |
Price bands use the current list price of each active listing. Months of supply is active listings in the band divided by the average monthly closed sales in that band, by closing price, over the prior three months.
How many homes sold in Milpitas this year?
229 homes closed in Milpitas from January through September 2026, down 6.1% from the 244 that closed over the same nine months of 2025. Total sales volume for the period is $321.61M, down 12.1% vs Last Year.
Closed sales, Milpitas, by month, 2021 to 2026, homes
Closed sales, last 12 months as text
Oct 2025 22, Nov 2025 20, Dec 2025 15, Jan 2026 13, Feb 2026 26, Mar 2026 28, Apr 2026 33, May 2026 31, Jun 2026 30, Jul 2026 28, Aug 2026 18, Sep 2026 22.
Milpitas closed sales by year
| Year | Closed sales | vs Last Year |
|---|---|---|
| 2021 | 569 | +32.0% |
| 2022 | 438 | -23.0% |
| 2023 | 290 | -33.8% |
| 2024 | 382 | +31.7% |
| 2025 | 301 | -21.2% |
| 2026, Jan to Sep | 229 | -6.1% |
Closed sales are counted by closing date. The 2026 comparison is measured against January through September 2025. The September average over 2021 to 2025 was 36 closed sales.
Milpitas closed sales by month, 2026 against 2025
| Month | 2026 | 2025 | vs Last Year |
|---|---|---|---|
| Jan | 13 | 13 | +0.0% |
| Feb | 26 | 23 | +13.0% |
| Mar | 28 | 26 | +7.7% |
| Apr | 33 | 36 | -8.3% |
| May | 31 | 29 | +6.9% |
| Jun | 30 | 33 | -9.1% |
| Jul | 28 | 30 | -6.7% |
| Aug | 18 | 27 | -33.3% |
| Sep | 22 | 27 | -18.5% |
Do Milpitas homes sell above asking price?
Yes. Closed sales in Milpitas averaged 103.1% of final list price in September 2026, down 1.9% vs Last Year, against 103.3% across Santa Clara County. A ratio above 100% means the average closing price was higher than the average final list price.
Sale to list ratio, Milpitas, by month, 2021 to 2026, with the 2026 Santa Clara County ratio, percent
Sale to list ratio, last 12 months as text
Oct 2025 101.8%, Nov 2025 103.9%, Dec 2025 101.1%, Jan 2026 98.7%, Feb 2026 104.9%, Mar 2026 105.5%, Apr 2026 103.7%, May 2026 105.0%, Jun 2026 103.4%, Jul 2026 101.0%, Aug 2026 100.0%, Sep 2026 103.1%. Santa Clara County 2026: Jan 102.8%, Feb 104.5%, Mar 105.7%, Apr 104.4%, May 103.8%, Jun 102.5%, Jul 101.8%, Aug 102.8%, Sep 103.3%.
Milpitas sale to list ratio by year
| Year | Sale to list ratio | vs Last Year | County ratio |
|---|---|---|---|
| 2021 | 106.6% | +4.8% | 107.5% |
| 2022 | 107.2% | +0.6% | 106.6% |
| 2023 | 103.2% | -3.8% | 103.1% |
| 2024 | 106.4% | +3.1% | 105.4% |
| 2025 | 103.6% | -2.7% | 103.8% |
| 2026, Jan to Sep | 103.2% | -0.7% | 103.6% |
Sale to list ratio is the average closing price divided by the average final list price across closed sales for the period. The 2026 row is compared with January through September 2025.
Milpitas sale to list ratio by month, 2026 against 2025
| Month | 2026 | 2025 | vs Last Year | County 2026 |
|---|---|---|---|---|
| Jan | 98.7% | 104.4% | -5.5% | 102.8% |
| Feb | 104.9% | 109.2% | -3.9% | 104.5% |
| Mar | 105.5% | 105.8% | -0.3% | 105.7% |
| Apr | 103.7% | 103.4% | +0.3% | 104.4% |
| May | 105.0% | 104.0% | +0.9% | 103.8% |
| Jun | 103.4% | 102.8% | +0.6% | 102.5% |
| Jul | 101.0% | 100.4% | +0.6% | 101.8% |
| Aug | 100.0% | 103.0% | -2.9% | 102.8% |
| Sep | 103.1% | 105.1% | -1.9% | 103.3% |
Your neighbors are selling. Should you?
Milpitas closed sales averaged 103.1% of final list price in September and the 2026 year to date median sale price is $1.29M. Get a current valuation built from the same MLS data on this page.
Milpitas home prices by property type
The 2026 year to date median sale price in Milpitas was $1.63M for a single family home, $1.18M for a townhome, and $802K for a condo. The average sale prices were $1.79M, $1.16M, and $846K.
Milpitas 2026 year to date by property type
| Property type | Median sale price | Average sale price | Median price per sq ft | Average price per sq ft | Median days on market | Average days on market | Sale to list | Closed sales |
|---|---|---|---|---|---|---|---|---|
| Single Family | $1.63M | $1.79M | $1,000 | $1,003 | 12 | 17 | 104.5% | 108 |
| Townhome | $1.18M | $1.16M | $733 | $731 | 13 | 25 | 101.7% | 83 |
| Condo | $802K | $846K | $664 | $662 | 24 | 44 | 100.3% | 38 |
Property types follow the MLSListings Inc. classification of each closed sale. Figures cover January through September 2026.
How has the Milpitas market changed over five years?
Comparing January through September of each year, the median sale price in Milpitas rose from $1.19M in 2021 to $1.29M in 2026, a total increase of 8.6% and an average annual increase of 1.7%. The average sale price rose 15.3% over the same period, from $1.22M to $1.40M.
Milpitas five year change, January through September, 2021 to 2026
| Metric | 2021, Jan to Sep | 2026, Jan to Sep | Five year change |
|---|---|---|---|
| Median sale price | $1.19M | $1.29M | +8.6% |
| Average sale price | $1.22M | $1.40M | +15.3% |
| Median price per square foot | $730 | $785 | +7.6% |
| Average price per square foot | $762 | $848 | +11.3% |
| Median days on market | 8 | 13 | +5 days |
| Average days on market | 14 | 25 | +11 days |
| Sale to list ratio | 106.2% | 103.2% | -3.0 points |
| Active listings in September | 88 | 79 | -10.2% |
| Closed sales, January to September | 442 | 229 | -48.2% |
Five year change always compares the same months: January through September 2021 with January through September 2026. In the December report it compares full calendar years. Days on market and sale to list ratio are shown as absolute differences because a percentage change on a ratio misreads easily.
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How every figure on this page is produced. The same definitions apply to every city report and the Santa Clara County report.
Show all 15 definitions
| Item | Definition |
|---|---|
| Source | Closed sales and active listings reported to MLSListings Inc. Statistics are calculated by Aegis Luxury Real Estate from that data. |
| Geographic coverage | A sale is counted in Milpitas when the MLSListings Inc. city field for the property is Milpitas and the property is in Santa Clara County. |
| Property types | Single family homes, townhomes, and condos, as classified by MLSListings Inc. Figures marked all property types combine the three. |
| Median | The middle value when every closed sale in the period is ranked, calculated from individual sales. |
| Average | The total of all values in the period divided by the number of closed sales. |
| Days on market | The MLS days on market field reported for each closed sale. Sales without that field are left out of the days on market figures. |
| Active listings | Listings on the market on the 15th of each month: listed on or before that date and not yet closed, canceled, expired, or withdrawn. Listings under contract count until they close. |
| Months of supply | Active listings on the 15th divided by the average monthly closed sales over the three months before that month. |
| Sale to list ratio | Average closing price divided by average final list price across closed sales in the period. |
| vs Last Year | The same month one year earlier. |
| Year to date | January through the latest completed month, compared with the same months of the prior year. |
| Last 12 months | The 12 completed months ending with the latest month, compared with the 12 months before them. |
| County comparisons | County figures cover residential sales in the 15 incorporated cities of Santa Clara County; unincorporated areas are not included. County medians are calculated from every qualifying sale across the 15 incorporated cities, not from city medians. County averages and ratios are weighted by closed sales. |
| Update cadence | Statistics update once a month and always cover the previous completed month. Listing data referenced in the MLS disclosure refreshes separately. |
| Small samples | When a month has fewer than 10 closed sales, the page shows the sale count and notes that monthly medians and averages can move sharply; year to date and last 12 months figures are the steadier read. |
Milpitas market questions, answered
The questions Timothy hears most about the Milpitas market. Every figure below reads from the same data as the tables above.
Is Milpitas a buyer's or seller's market right now?
Closed sales in Milpitas averaged 103.1% of final list price in September 2026, so in aggregate sellers closed above final list price. Active listings numbered 79 on September 15, 2026, up 12.9% vs Last Year. Months of supply was 3.1 in Milpitas against 2.5 across Santa Clara County. Price band, condition, and location decide which side has the edge on any single home.
How long does it take to sell a home in Milpitas?
Homes in Milpitas sold in a median of 23 days and an average of 31 days on market in September 2026, with the average up 10.3% vs Last Year, against a county average of 31. For 2026 to date, single family homes in a median of 12 and an average of 17, townhomes in a median of 13 and an average of 25, and condos in a median of 24 and an average of 44. When the average runs well above the median, a smaller group of slower sales is pulling the average up.
What is the median home price in Milpitas?
The median sale price in Milpitas was $1.44M in September 2026, down 2.9% vs Last Year. The average sale price was $1.51M, up 7.3% vs Last Year. The Santa Clara County median sale price for the same month was $1.65M. For 2026 to date the Milpitas median is $1.29M and the average is $1.40M, with a median price per square foot of $785 and an average of $848. The median is the middle sale when every closed sale is ranked by price; the average is the total of all sale prices divided by the number of sales. Both are calculated from closed transactions reported to MLSListings Inc. and update once a month.
How many homes sold in Milpitas in 2026?
229 homes closed in Milpitas from January through September 2026, down 6.1% from the 244 that closed over the same nine months of 2025. Total sales volume for the period is $321.61M, down 12.1% vs Last Year. By property type, single family homes for 108, townhomes for 83, and condos for 38.
Should I buy now or wait for prices to drop?
The five year table on this page shows the recorded trend rather than a forecast. Comparing January through September 2021 with the same months of 2026, the Milpitas median sale price has risen an average of 1.7% per year and the average sale price has risen 2.9% per year, with the year to date median lower than the year before in 2023 and 2026. Waiting pays when the financing cost you avoid and the rent you pay in the meantime outweigh the change in price. A buyer brief models this for your own numbers before you commit to a strategy.
How does Milpitas compare to nearby cities?
Nearby cities include San Jose, Santa Clara, and Sunnyvale. Milpitas's September 2026 median sale price of $1.44M is below the county median of $1.65M, and its 3.1 months of supply compares with 2.5 across the county. Each city has its own pricing, inventory, and pace of sales, and the market reports for nearby cities at the bottom of this page open the same set of metrics for each of them.
Timothy Alston
Broker, DRE# 01328224, Aegis Luxury Real Estate. 23 years in Silicon Valley.
I built this entire data platform because I believe buyers and sellers deserve transparent, real time market intelligence, not guesswork. Every figure on every city page comes from the same MLS feed I use to advise my clients. The difference between a good deal and a great deal is knowing what the data says before you sit down at the table.
Schedule a consultation (408) 207-4593From the Milpitas desk
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