Milpitas Grammar School · Photo: Bobak Ha'Eri · CC BY 3.0388 homes sold in Milpitas in the last year, at a typical $1.4M
Houses and condos split the market almost evenly. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Milpitas homes are listed.
Every place Milpitas homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Milpitas.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
15% of Milpitas’ sales are condos, at $788K less than a house
200 houses and 59 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 200 sold in 12 months
- Per square foot
- $989CA $494
- Days to sell
- 15
- Sold over asking
- 63%
- Listings with a price cut
- 24%
typical sale · 59 sold in 12 months
- Per square foot
- $672CA $561
- Days to sell
- 76
- Sold over asking
- 41%
- Listings with a price cut
- 21%
Multi-family (2–4 units): 6 sold, typical $1.7M
Townhouses: 123 sold, typical $1.2M
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2022, at 1.7 times the 2016 price
388 sales in the last year, against 721 in 2021 and a low of 367 in 2025. The typical sale went from $810K in 2016 to $1.4M.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $1.4M buys in Milpitas
Check a listing against what Milpitas homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Milpitas are rarer than before the pandemic, with about as many homes for sale
We read every month of Milpitas’ home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 388 sales.
If you’re buying in Milpitas
- Shop in August. It brings about 53 new listings a month, close to the busiest month, with fewer bidding wars (66% over asking).
- Some room to negotiate. 22% of listings cut their price, about as many as before the pandemic.
- Expect to bid over asking. Buyers paid 102.9% of the list price on average; 57% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 64 a month), but April is the most competitive: 83% of April sales close over asking. August offers nearly as much choice with fewer homes bid up (66%). December has the least competition (60%) but only about 18 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and hotter than California
| Milpitas now | 2017–19 | 2021 peak | CA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 57% | 69% | 81% | 36% |
| Gone within two weeksShare of homes under contract within 14 days | 46% | 53% | 68% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | 22% | 21% | 15% | 24% |
| Price paid vs. askingAverage sale price ÷ list price | 102.9% | 105.1% | 106.3% | 99.7% |
| Days to sellMedian days from listing to contract | 19 | 20 | 11 | 44 |
56 homes for sale on a typical day
That’s twice the 2023 low (29), 11% fewer than in 2017–19 and well under 2019’s 91.
1 in 5 listings has cut its price
22% in the last year, against 21% in 2017–19 and 24% across California.
Since 2019, houses are up 51%, condos 3%
A house typically sold for $1.6M in the last year (200 sales), a condo for $846K (59).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Milpitas ranks 33rd of 555 busy California markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Milpitas is one of the state’s hottest markets.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Milpitas home costs about $7,994 a month
Price: Milpitas’ typical sale, last 12 months. Property tax at Milpitas’ 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Milpitas is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 18.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $1.4M home, about $9,470 a year.
Taxes vs. neighborsSchools
The schools grade for Milpitas, from test results, graduation and how much students grow.
Schools in MilpitasTypical commute
The average one-way trip to work for people who live in Milpitas.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
East Foothills, Alum Rock and Newark sell for less a square foot; Santa Clara and Sunnyvale for far more
The busier markets within 25 miles of Milpitas, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Fremont | 1,278 | $1.5M | $933 | 54% | 20 |
| Sunnyvale | 896 | $1.8M | $1,202 | 66% | 14 |
| Santa Clara | 699 | $1.7M | $1,072 | 62% | 15 |
| Milpitas | 388 | $1.4M | $842 | 57% | 19 |
| Newark | 364 | $1.3M | $748 | 49% | 25 |
| Alum Rock | 61 | $984K | $813 | 54% | 21 |
| East Foothills | 50 | $1.5M | $743 | 42% | 32 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Milpitas, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Milpitas. People who follow the town see it, and so do people comparing Milpitas with their own town. No commission, no listing fee.
Questions about buying a home in Milpitas
What do homes sell for in Milpitas, CA?
388 homes sold in the year to May 2026 at a typical $1.4M, $842 a square foot. Houses sold for about $1.6M, condos for about $846K.
Is Milpitas a buyer’s or seller’s market?
A seller’s market: 81 homes were for sale in May 2026 and 41 sold, about 2 months of supply. Buyers paid 102.9% of asking on average, and 22% of listings cut their price.
When is the best time to buy in Milpitas?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Milpitas?
About 0.7% of a home’s value a year. On a $1.4M home that’s near $9,470.
Where can I see homes for sale in Milpitas?
Zillow, Redfin, Realtor.com and Homes.com all carry Milpitas’ MLS listings; the search links above open each one filtered to Milpitas.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).