By Amrit Singh, REALTOR® · Updated October 14, 2026 · MLS data through the end of September 2026
THE SHORT ANSWER
Milpitas is still a seller’s market for houses, but with fewer sales than a year ago and, since July, more houses for sale. From January through September 2026, single family homes sold for a median of $1.63M, down 3% from the same months of 2025, and $1,000 a square foot, down 5%. They sold for 104.7% of asking on average, about the same as last year.
In September, 42 houses were for sale and 20 sold, 2.1 months of supply, up from 1.0 a year earlier, and the most houses for sale in two years. Condos and townhomes are where the market has really turned: 77 for sale in September and 13 sold.
Milpitas at a glance: September 2026
Single family homes, compared with September 2025. The small line under each number is the last 13 months.
Median sold price
$1.54M
Down 8% vs Sep 2025 ($1.68M)
Price per sq ft
$1,019
Flat vs Sep 2025 ($1,022)
Sold vs asking price
104.8%
106.4% in Sep 2025
Median days on market
17 days
16 days in Sep 2025
Homes for sale
42
18 in Sep 2025
Months of supply
2.1
1.0 in Sep 2025
Are Milpitas home prices going up or down?
In September 2026, single family homes in Milpitas sold for a median of $1.54M, down 8% from a year earlier. From January to September 2026, the median was $1.63M on 141 sales, down 3% from the same months of last year, and price per square foot was $1,000, down 5% from last year.
Milpitas only sees 6 to 26 house sales a month, so one month’s median moves with whichever homes happened to sell. Watch the line, not the latest dot. Price per square foot adjusts for size, and the year to date numbers below are the steadiest read.
See the numbers
| Month | Median price | Homes sold |
|---|---|---|
| Sep 2026 | $1.54M | 20 |
| Aug 2026 | $1.78M | 10 |
| Jul 2026 | $1.69M | 19 |
| Jun 2026 | $1.80M | 17 |
| May 2026 | $1.49M | 18 |
| Apr 2026 | $1.45M | 15 |
| Mar 2026 | $1.62M | 13 |
| Feb 2026 | $1.65M | 19 |
| Jan 2026 | $1.29M | 10 |
| Dec 2025 | $1.45M | 8 |
| Nov 2025 | $1.64M | 15 |
| Oct 2025 | $1.77M | 18 |
| Sep 2025 | $1.68M | 18 |
| Aug 2025 | $1.78M | 26 |
| Jul 2025 | $1.50M | 21 |
| Jun 2025 | $1.80M | 25 |
| May 2025 | $1.98M | 17 |
| Apr 2025 | $1.91M | 22 |
| Mar 2025 | $1.47M | 13 |
| Feb 2025 | $1.58M | 13 |
| Jan 2025 | $1.67M | 6 |
| Dec 2024 | $1.57M | 18 |
| Nov 2024 | $1.70M | 17 |
| Oct 2024 | $1.40M | 19 |
See the numbers
| Month | $ per sq ft |
|---|---|
| Sep 2026 | $1,019 |
| Aug 2026 | $908 |
| Jul 2026 | $1,031 |
| Jun 2026 | $1,005 |
| May 2026 | $994 |
| Apr 2026 | $975 |
| Mar 2026 | $1,073 |
| Feb 2026 | $955 |
| Jan 2026 | $1,025 |
| Dec 2025 | $941 |
| Nov 2025 | $1,010 |
| Oct 2025 | $974 |
| Sep 2025 | $1,022 |
| Aug 2025 | $1,064 |
| Jul 2025 | $995 |
| Jun 2025 | $1,043 |
| May 2025 | $1,051 |
| Apr 2025 | $1,067 |
| Mar 2025 | $1,070 |
| Feb 2025 | $1,096 |
| Jan 2025 | $1,131 |
| Dec 2024 | $1,053 |
| Nov 2024 | $1,083 |
| Oct 2024 | $1,076 |
This year vs last year
January to September 2026 compared with the same months of last year. These are the steadiest numbers on the page.
| Single family homes | 2026 | 2025 | Change |
|---|---|---|---|
| Homes sold | 141 | 161 | Down 12% |
| Median price | $1.63M | $1.68M | Down 3% |
| $ per sq ft | $1,000 | $1,052 | Down 5% |
| Median days on market | 12 | 13 | 1 day faster |
| Sold vs asking | 104.7% | 104.5% | Up 0.2 points |
| Condos and townhomes | 2026 | 2025 | Change |
|---|---|---|---|
| Homes sold | 165 | 136 | Up 21% |
| Median price | $1.10M | $1.18M | Down 7% |
| $ per sq ft | $719 | $736 | Down 2% |
| Median days on market | 19 | 15 | 4 days slower |
| Sold vs asking | 101.1% | 103.1% | Down 2 points |
How many homes are for sale in Milpitas?
42 single family homes were for sale in Milpitas in September 2026 and 20 sold. That’s 2.1 months of supply, up from 1.0 a year earlier, when 18 were for sale and 18 sold.
Months of supply is homes for sale divided by homes sold that month: how long it would take to sell everything on the market at that pace if nothing new got listed. Under about 4 months usually favors sellers. Over about 6 favors buyers.
- Homes for sale
- Homes sold
See the numbers
| Month | For sale | Sold | Months of supply |
|---|---|---|---|
| Sep 2026 | 42 | 20 | 2.1 |
| Aug 2026 | 26 | 10 | 2.6 |
| Jul 2026 | 34 | 19 | 1.8 |
| Jun 2026 | 26 | 17 | 1.5 |
| May 2026 | 32 | 18 | 1.8 |
| Apr 2026 | 26 | 15 | 1.7 |
| Mar 2026 | 25 | 13 | 1.9 |
| Feb 2026 | 19 | 19 | 1.0 |
| Jan 2026 | 15 | 10 | 1.5 |
| Dec 2025 | 15 | 8 | 1.9 |
| Nov 2025 | 10 | 15 | 0.7 |
| Oct 2025 | 16 | 18 | 0.9 |
| Sep 2025 | 18 | 18 | 1.0 |
| Aug 2025 | 22 | 26 | 0.8 |
| Jul 2025 | 28 | 21 | 1.3 |
| Jun 2025 | 41 | 25 | 1.6 |
| May 2025 | 39 | 17 | 2.3 |
| Apr 2025 | 35 | 22 | 1.6 |
| Mar 2025 | 30 | 13 | 2.3 |
| Feb 2025 | 22 | 13 | 1.7 |
| Jan 2025 | 22 | 6 | 3.7 |
| Dec 2024 | 16 | 18 | 0.9 |
| Nov 2024 | 17 | 17 | 1.0 |
| Oct 2024 | 27 | 19 | 1.4 |
How fast are Milpitas homes selling?
Half the houses that sold in September 2026 were on the market 17 days or less, compared with 16 days a year earlier. They sold for 104.8% of asking on average, down from 106.4% in September 2025.
See the numbers
| Month | Median days on market | Sold vs asking |
|---|---|---|
| Sep 2026 | 17 | 104.8% |
| Aug 2026 | 14 | 100.3% |
| Jul 2026 | 12 | 101.6% |
| Jun 2026 | 12 | 104.1% |
| May 2026 | 8 | 105.5% |
| Apr 2026 | 9 | 106.1% |
| Mar 2026 | 12 | 109.6% |
| Feb 2026 | 8 | 106.2% |
| Jan 2026 | 11 | 102.9% |
| Dec 2025 | 15 | 103% |
| Nov 2025 | 9 | 103.6% |
| Oct 2025 | 11 | 101.1% |
| Sep 2025 | 16 | 106.4% |
| Aug 2025 | 14 | 104.6% |
| Jul 2025 | 15 | 100.6% |
| Jun 2025 | 14 | 102.5% |
| May 2025 | 12 | 103.1% |
| Apr 2025 | 9 | 104.9% |
| Mar 2025 | 15 | 107.6% |
| Feb 2025 | 11 | 109.4% |
| Jan 2025 | 12 | 104.9% |
| Dec 2024 | 12 | 105.5% |
| Nov 2024 | 8 | 109.6% |
| Oct 2024 | 10 | 107.8% |
Condos and townhomes in Milpitas
77 condos and townhomes were for sale in September 2026 and 13 sold, compared with 52 and 15 a year earlier. From January to September 2026, the median was $1.10M on 165 sales, down 7% from the same months of last year, at $719 per square foot. With so few sales each month, the year to date numbers are the ones to trust.
See the numbers
| Month | Median price | For sale | Sold |
|---|---|---|---|
| Sep 2026 | $820K | 77 | 13 |
| Aug 2026 | $1.13M | 88 | 16 |
| Jul 2026 | $1.09M | 76 | 20 |
| Jun 2026 | $1.00M | 73 | 18 |
| May 2026 | $1.09M | 75 | 27 |
| Apr 2026 | $1.22M | 72 | 29 |
| Mar 2026 | $1.12M | 61 | 20 |
| Feb 2026 | $935K | 53 | 14 |
| Jan 2026 | $1.04M | 43 | 8 |
| Dec 2025 | $1.13M | 34 | 12 |
| Nov 2025 | $1.18M | 52 | 7 |
| Oct 2025 | $1.09M | 52 | 13 |
| Sep 2025 | $1.12M | 52 | 15 |
| Aug 2025 | $1.20M | 44 | 12 |
| Jul 2025 | $1.03M | 51 | 15 |
| Jun 2025 | $1.05M | 51 | 15 |
| May 2025 | $1.26M | 48 | 17 |
| Apr 2025 | $1.28M | 53 | 20 |
| Mar 2025 | $1.30M | 50 | 16 |
| Feb 2025 | $980K | 40 | 15 |
| Jan 2025 | $920K | 28 | 11 |
| Dec 2024 | $1.07M | 16 | 14 |
| Nov 2024 | $1.20M | 25 | 38 |
| Oct 2024 | $1.31M | 36 | 14 |
Milpitas vs nearby cities
Single family homes sold from January to September 2026. By price per square foot, Milpitas costs less than Santa Clara and Fremont and more than Union City and Newark.
| City | Median price | $ per sq ft | Sold vs asking | Median days on market | Homes sold |
|---|---|---|---|---|---|
| Santa Clara | $1.91M | $1,329 | 105.9% | 10 | 346 |
| Fremont | $1.70M | $1,061 | 103.8% | 10 | 680 |
| Milpitas | $1.63M | $1,000 | 104.7% | 12 | 141 |
| Union City | $1.41M | $799 | 102.9% | 12 | 186 |
| Newark | $1.40M | $830 | 102.2% | 14 | 199 |
Amrit’s take
Fewer sales, more listings
House sales are down 12% this year, 141 vs 161, while listings climbed to 42 in September, the most in two years, from 18 a year earlier. Months of supply doubled, from 1.0 to 2.1. Still a seller’s market, but buyers are comparing more.
Price per square foot is slipping
Milpitas houses sold for $1,000 a square foot this year, down 5% from $1,052. August’s $908 was the lowest in two years. With 6 to 26 sales a month, single months swing, but the year to date number is heading the same way.
Still over asking every month
Buyers paid over asking on average every month for the last two years, from 100.3% in August 2026 to 109.6% in November 2024 and again in March 2026. Late winter and spring have been strong both years.
Condos and townhomes have turned
Condo and townhome sales are up 21%, 165 vs 136, but listings piled up faster: 88 for sale in August, double the 44 a year earlier. September had 77 for sale and 13 sales, 5.9 months of supply, at $672 a square foot, the lowest in two years. That’s close to a buyer’s market.
If you’re selling in Milpitas
- Price to the last three months. August’s $908 a square foot was a two year low, and buyers see the same comps you do.
- Late winter and spring have been strong both years: buyers paid 109.6% of asking in March 2026 and 109.4% in February 2025.
- Half the houses that sold this year went in 12 days or less. After three weeks, the price is the reason.
- Own a condo or townhome? With 77 for sale in September, price it to the most recent sales. Expect offers near list: 101.1% on average this year.
Get your home’s value, based on the sales that actually compete with your house
If you’re buying in Milpitas
- More houses to choose from than any time in two years: 42 for sale in September.
- Late summer is when buyers have paid the least over asking: 100.6% in July 2025 and 100.3% in August 2026.
- Compare price per square foot: $1,000 in Milpitas vs $1,061 in Fremont and $1,329 in Santa Clara this year.
- Condos and townhomes are where buyers have leverage: 5.9 months of supply in September.
See Milpitas homes for sale now
Questions people ask about the Milpitas market
What is the median home price in Milpitas, CA?
Single family homes in Milpitas sold for a median of $1.54M in September 2026, down 8% from September 2025, based on MLSListings data. From January to September 2026, the median was $1.63M on 141 sales, down 3% from the same months of last year. Condos and townhomes had a median of $1.10M over the same months.
Is Milpitas a buyer’s or seller’s market right now?
For single family homes it is still a seller’s market by the usual rule of thumb: under about 4 months of supply favors sellers, over about 6 favors buyers. In September 2026 there were 42 houses for sale and 20 sales, 2.1 months of supply, up from 1.0 a year earlier. Houses sold for 104.8% of asking on average.
How fast are homes selling in Milpitas?
Half the single family homes that sold in Milpitas in September 2026 were on the market 17 days or less. From January to September 2026, the median was 12 days, compared with 13 days in the same months of last year.
What is the price per square foot in Milpitas?
Single family homes in Milpitas sold for $1,000 per square foot from January to September 2026, down 5% from the same months of last year. In September 2026 alone it was $1,019. With only 6 to 26 house sales a month, single months move around with the mix of homes that sold.
Are Milpitas home prices going down?
Slightly. From January through September 2026, single family homes in Milpitas sold for a median of $1.63M, down 3% from $1.68M in the same months of 2025, and price per square foot fell 5%, from $1,052 to $1,000, based on MLSListings data. Houses still sold for 104.7% of asking on average.
When is the best time to buy a house in Milpitas?
Late summer has been the least competitive. Milpitas houses sold for 100.6% of asking on average in July 2025 and 100.3% in August 2026, and 101.1% in October 2025, compared with 109.4% in February 2025 and 109.6% in March 2026, based on MLSListings data.
Is Milpitas cheaper than Fremont?
A little. From January through September 2026, single family homes in Milpitas sold for a median of $1.63M and $1,000 per square foot, vs $1.70M and $1,061 in Fremont. Santa Clara was $1.91M and $1,329, Union City $1.41M and $799, and Newark $1.40M and $830, based on MLSListings data.
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Based on information from the MLSListings MLS as of 10/13/2026 for single family homes and condominiums/townhomes in Milpitas: closed sales and active listings by month from October 2024 through September 2026, and closed sales from January 1 to September 30 of 2025 and 2026; and for single family homes in Fremont, Union City, Newark and Santa Clara: closed sales from January 1 to September 30 of 2025 and 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Percent changes are calculated from the full figures before rounding.