The Milpitas, CA housing market is a buyer's market, scoring 43 out of 100 on Pocket Agent Pro’s buyer-to-seller scale, with 132 homes for sale and 4.7 months of supply. Homes in Milpitas, CA sold for a median of $1,250,000, down 8.1% from the prior month, or $726 per square foot. The typical home goes under contract in 39 days, sales close at 100.0% of asking price and 42.9% of homes sell above list. 32.6% of active Milpitas, CA listings have cut their price at least once, a rough gauge of seller flexibility. Figures cover the 30 days through 2026-08-25 and are based on 28 recorded sales and 132 active listings.
| Property | Bd/SqFt | Sold | Closed |
|---|---|---|---|
| 480 Dempsey Rd Unit 283, Milpitas | 1/676 | $400,000 | 2026-08-24 |
| 895 Del Vaile Ct, Milpitas | 4/2,886 | $2,800,000 | 2026-08-21 |
| 406 Terra Mesa Way, Milpitas | 3/1,547 | $1,134,000 | 2026-08-20 |
| 1515 N Milpitas Blvd Spc 17, Milpitas | 2/1,120 | $295,000 | 2026-08-20 |
| 301 Baja Rose St, Milpitas | 3/1,569 | $1,175,000 | 2026-08-20 |
| 253 N Temple Dr, Milpitas | 2/976 | $635,000 | 2026-08-20 |
| 1371 Lassen Ave, Milpitas | 4/1,769 | $1,880,000 | 2026-08-19 |
| 637 Penitencia St, Milpitas | 3/1,073 | $1,210,000 | 2026-08-18 |
Milpitas, CA is currently a buyer's market, at 43 out of 100 on our buyer-to-seller scale, which blends months of supply, sale-to-list price, days on market and the share of listings with price cuts. There are 4.7 months of supply — under about 3 months typically favors sellers, over about 6 favors buyers.
The median home in Milpitas, CA sold for $1,250,000 over the last 30 days. That is down 8.1% from the month before.
Homes in Milpitas, CA take a median of 39 days on market to go under contract. Half sell faster than that and half take longer, so a listing sitting well past 39 days is worth a second look on price.
Homes in Milpitas, CA close at a median of 100.0% of their asking price, and 42.9% sell above list. That ratio is the quickest read on how much room there is to negotiate.
There are 132 homes actively for sale in Milpitas, CA, about 4.7 months of supply at the current sales pace.