Milpitas Housing Market Report – March 2026
Here's a look at how the Milpitas, CA real estate market performed in March 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 34
- Median Sale Price: $1,300,000
- Average Sale Price: $1,351,511
- Average Price Per Sq Ft: $823
- Average Days on Market: 56
- Sale-to-List Price Ratio: 105.5%
Month-Over-Month Trends
Compared to February, the median sale price in Milpitas moved 13.3% down (from $1,500,000 to $1,300,000). The number of homes sold was 17.2% up compared to the prior month (29 vs. 34). Average days on market shifted 19.1% up (47 days to 56 days).
Year-Over-Year Comparison
Compared to March 2025, the median sale price is 8.8% down (from $1,425,000 to $1,300,000). Sales volume is 25.9% up year-over-year.
What This Means
Milpitas is showing some interesting contradictions this March. Sales volume jumped significantly—up 17% month-over-month and nearly 26% year-over-year—suggesting spring activity is kicking in and buyers are finally showing up after what's likely been a slower winter. However, that increased activity came alongside a notable 13% monthly drop in median prices, down to $1.3 million. This suggests buyers may be gaining more negotiating power as inventory builds and sellers adjust expectations.
The 105.5% sale-to-list ratio tells us homes are still selling above asking, which is healthy, but the metric has softened compared to previous years. More telling is the jump in days on market, now at 56 days versus 47 last month. Homes aren't flying off shelves anymore, and at $823 per square foot, Milpitas remains expensive even by Bay Area standards. The 86 active listings represent a healthier supply than many local markets, giving buyers genuine options for the first time in years.
For sellers, this is a reality check: pricing aggressively and marketing well matter more than they did in the pandemic-era frenzy. For buyers, spring's increased inventory might finally offer some breathing room in one of the region's priciest submarkets.
Milpitas Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95035 | 34 | $1,300,000 | $823 | 56 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 14 | $1,619,000 | $1,016 |
| TOWNHOMES | 10 | $1,225,000 | $746 |
| CONDOS | 7 | $645,000 | $674 |
| CONDO | 1 | $490,000 | $415 |
| LAND | 1 | $6,200,000 | N/A |
| MOBILE | 1 | $400,000 | $339 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $300K - $399K | 1 |
| $400K - $499K | 3 |
| $500K - $749K | 5 |
| $750K+ | 25 |
Current Active Listings
As of this report, there are 86 active listings in Milpitas with a median asking price of $1,250,651 and an average of 42 days on market.
Thinking About Selling Your Milpitas Home?
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