Home ValuePros
Talk to a Pro

Market Intelligence · CA / Santa Clara County

Milpitas, CA home prices and housing market

1 ZIP market liveData updated September 2026Typical value$1.38M1-yr changeDown1.2%

The typical home value in Milpitas, CA is $1.38M as of September 2026, down 1.2% from a year ago, based on the Zillow Home Value Index. In the typical Milpitas ZIP code, the median list price is $1.11M and homes spend a median of 30 days on market as of September 2026 (Realtor.com).

Get a cash offer

Sell without the wait

Sell your Milpitas home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

The coverage

Milpitas, by the numbers.

Typical home valueZillow ZHVI, September 2026
$1.38M
1-yr changeMedian across Milpitas ZIPs
-1.2%
ZIP markets live2 tracked in Milpitas
1
County
Santa Clara County

Need cash home buyers on your timeline? Sell my house fast in Milpitas.

12-month value trend

-1.2% over 12 months

Typical home value in Milpitas over the last 12 months: $1.4M in Sep 2025 to $1.38M in Sep 2026 (-1.2%).

Sep 2025$1.4M

Sep 2026$1.38M

Median Zillow home value index across Milpitas's ZIP codes.

Context

Milpitas has 89 homes for sale as of September 2026, with a median list price of $1,108,250. The typical home value stands at $1,384,570, down 1.2% over the past year. Homes spend a median of 30 days on market, and 15.6% of listings have seen price reductions. New listings continue to arrive, with 58 added recently. For homeowners considering a sale, this is a measured market where prices have softened and inventory is present, giving buyers more options and time to decide.

The numbers

What is the housing market like in Milpitas, CA?

Typical home value

$1.38M

Down1.2%YoY

Median list price

$1.11M

Days on market

30

Homes for sale

89

Price cuts

15.6%

New listings

58

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Milpitas's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Milpitas, CA home prices over time

Typical home values in Milpitas, CA are down 1.2% over the past year, from $1.4M in September 2025 to $1.38M in September 2026.

Typical home value in Milpitas, CA, September of each year
MonthTypical value1-yr change
September 2026$1,384,570-1.2%
September 2025$1,401,623No prior year

Typical value is the median Zillow Home Value Index across Milpitas ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Milpitas, CA a buyer's or seller's market?

Milpitas, CA leans toward a seller's market.

Homes are selling quickly, which usually gives sellers the stronger position.

Based on a median of 30 days on market and 16% of listings with a price cut in the typical Milpitas ZIP code, and 58 new listings against 89 active listings across Milpitas, as of September 2026 (Realtor.com).

The outlook

Milpitas housing market forecast 2027

+1.1%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 1 Milpitas ZIP code, points to typical home values rising 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in Milpitas fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in Milpitas?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Milpitas shows typical home values rising 1.1% by September 2027, after a 1.2% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 1 Milpitas ZIP code has both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

Free home value report

See what your Milpitas home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

Live markets

What ZIP codes are live in Milpitas?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 2 Milpitas ZIP codes in total; the remaining 1 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

Free local consultation

Talk to a licensed pro in Milpitas.

A licensed local professional will walk through your numbers and your selling options, free and with no obligation.

Prefer to start online? See your value and cash offer instead.

Common questions

Questions about Milpitas, CA home prices.

What's the typical home value in Milpitas?

The typical home value in Milpitas is $1,384,570 as of September 2026, down 1.2% over the past year.

How many homes are currently for sale in Milpitas?

There are 89 homes for sale in Milpitas as of September 2026, with a median list price of $1,108,250.

How long do homes stay on the market in Milpitas?

Homes in Milpitas spend a median of 30 days on market. About 15.6% of current listings have had their prices reduced.

Are home prices going up or down in Milpitas, CA?

Typical home values in Milpitas, CA are down 1.2% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Milpitas, CA a buyer's or seller's market?

Milpitas, CA leans toward a seller's market. Homes are selling quickly, which usually gives sellers the stronger position. Based on a median of 30 days on market and 16% of listings with a price cut in the typical Milpitas ZIP code, and 58 new listings against 89 active listings across Milpitas, as of September 2026 (Realtor.com).

Nearby markets

More California housing markets.

The market is moving

Latest housing news

All news