The Milpitas housing market is most competitive. Homes in Milpitas receive 4 offers on average and sell in around 12 days. The median sale price of a home in Milpitas was $1.4M last month, down 1.4% since last year. The median sale price per square foot in Milpitas is $872, up 5.6% since last year.
What is the housing market like in Milpitas today?
In August 2024, Milpitas home prices were down 1.4% compared to last year, selling for a median price of $1.4M. On average, homes in Milpitas sell after 12 days on the market compared to 17 days last year. There were 49 homes sold in August this year, up from 39 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,360,000
-1.4% YoY | Aug 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Aug 2024
Growth
% YoY
Milpitas, CA
$1,360,000
-1.4%
United States
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How hot is the Milpitas housing market?
Milpitas is most competitive. Homes sell in 12 days.
0
100
92
Most 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
Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 12 days.
Hot homes
can sell for about 9% 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
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 - Minor
44% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Milpitas has a minor risk of flooding. 1,409 properties in Milpitas are likely to be
severely affected
by flooding over the next 30 years. This represents 44% 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 12,203 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.