Market Intelligence · CA / Milpitas

Milpitas, CA 95035 Housing Market

The typical home value in Milpitas, CA 95035 is $1,384,570 as of September 2026, down 1.2% over the past year. Homes carry a median list price of $1,108,250 and spend a median of 30 days on market.

Updated September 2026Median value$1385K

The median home value in Milpitas, CA 95035 is $1.38M as of September 2026, down 1.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 95035 range

$1.27M to $1.5M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.2% over 12 months

Sep 2025$1.4M

Low $1.38MHigh $1.43M

Sep 2026$1.38M

The numbers

What is the 95035 housing market like?

As of September 2026

Typical home value

$1.38M

1.2%YoY

Median list price

$1.11M

2.6%MoM

Days on market

6.2%MoM

Homes for sale

20.3%MoM

Price cuts

15.6%

1.4%MoM

New listings

31.8%MoM

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

The outlook

95035 housing market forecast 2027

+1.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 95035 to rise 1.1% by September 2027.

Over the 12 months through September 2026, typical home values in 95035 fell 1.2%, per the Zillow Home Value Index.

Will home prices drop in 95035?

Zillow's forecast does not call for a drop: it expects typical home values in 95035 to rise 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.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 95035 home prices compare?

95035$1,384,570
Milpitas$1,384,570
California$692,765
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Milpitas: 1 ZIP; California: 1,543 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 89 homes for sale in 95035, with 58 new listings coming on the market. The median list price is $1,108,250, and homes sell at a median of 30 days on market. About 15.6% of listings have taken a price cut. The typical home value is $1,384,570, down 1.2% over the past year, so values are softening slightly rather than climbing. For a seller, pricing realistically from the start matters more than it did a year ago.

Monthly payment

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Home price

Down payment20% · $276,914

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Common questions

What people ask us.

How much is a home in 95035 worth?

The typical home value in Milpitas, CA 95035 is $1,384,570 as of September 2026. That figure is down 1.2% over the past year.

How fast do homes sell in 95035?

Homes in 95035 spend a median of 30 days on market as of September 2026. Sellers should expect a measured pace rather than instant offers.

Is the 95035 market favoring buyers or sellers?

As of September 2026, 15.6% of listings have had a price cut, and the typical home value is down 1.2% over the past year. That points to a market where buyers have a bit more room to negotiate.

Discover

Nearby ZIP markets.

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