The Milpitas housing market is very competitive. Homes in Milpitas receive 4 offers on average and sell in around 15 days. The median sale price of a home in Milpitas was $1.4M last month, up 2.3% since last year. The median sale price per square foot in Milpitas is $903, up 1.5% since last year.
What is the housing market like in Milpitas today?
In May 2025, Milpitas home prices were up 2.3% compared to last year, selling for a median price of $1.4M. On average, homes in Milpitas sell after 15 days on the market compared to 7 days last year. There were 35 homes sold in May this year, down from 40 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,402,000
+2.3% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Milpitas, CA
$1,402,000
+2.3%
United States
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How hot is the Milpitas housing market?
Milpitas is very competitive. Homes sell in 15 days.
0
100
72
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 3% above list price and go pending in around 15 days.
Hot homes
can sell for about 7% above list price and go pending in around 8 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Milpitas
Explore recent offers and recently sold homes in Milpitas
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$1.75M Offer
Sold for $2M
4bd | 2.5ba | ~2,000sqft
Over List Price
0%
Days on Market
8
Competing Offers
1
Down Payment
—
Tom Dang
Milpitas Redfin Agent
There was just another higher offer than ours and buyers did not want to go into a bidding war.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Milpitas housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Milpitas.
Flood Factor - Moderate
39% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Milpitas has a moderate risk of flooding. 1,979 properties in Milpitas are likely to be
severely affected
by flooding over the next 30 years. This represents 39% of all properties in Milpitas. Flood risk is increasing slower than the national average.
60% of properties are at risk of wildfire over the next 30 years
Fire Factor
Milpitas has a major risk of wildfire. There are 12,202 properties in Milpitas that have some risk of being affected by wildfire over the next 30 years. This represents 60% of all properties in Milpitas.