Is Milpitas, CA 95036 a buyer’s or seller’s market?
Milpitas is a seller’s market. With about 2.4 months of supply and 25% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Not ranked this month. Fewer than 15 sales in the 3-month window, so the numbers can swing too much to compare fairly. How the heat score works
The Milpitas housing market right now
In the three months ending August 31, 2026, 25% of homes in Milpitas, CA 95036 sold above their list price, the typical home went under contract in 26 days and there were 2.4 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 60%, homes sold more slowly (15 days then) and the median sale price rose 2% to $885,617. Overall, Milpitas is less competitive than a year ago, which gives buyers more room.
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Where Milpitas is
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Questions about Milpitas real estate
Is Milpitas a buyer’s or seller’s market?
A seller’s market: there were 2.4 months of supply in Milpitas, CA 95036 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Milpitas?
The typical home went under contract in 26 days in the latest three months.
Do homes in Milpitas sell over asking?
25% of homes sold above their original list price, and the typical sale closed at 100.9% of the list price.
What is the median home price in Milpitas?
The median sale price was $885,617 in the three months ending August 31, 2026, about $677 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology