Central Milpitas, Milpitas Housing Market

Central Milpitas, Milpitas Market Snapshot

Central Milpitas still favors sellers, but the market is cooling. Here's where things stand:

Based on 6 homes sold in March 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Enough to see the trend, but individual sales still move the median. Updated weekly.

Data through March 2026

SalesWhat are homes selling for?
Median Sale Price
$1.17M
Down 14.9% from March 2025
Down $205K from March 2025
Homes Sold
6
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$7,196/mo
6.3% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$5,794
  • Property Tax$1,219
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
38.5 days
11 more days than in March 2025
Buyers have time to decide
Sale-to-List Ratio
103.2%
Down from 104.0% in March 2025
Selling 3% above asking
% Sold Over Asking
67%
67% of homes sold above their asking price
Active Listings
5
Up 25.0% from March 2025
About 0.8 months of supply. Very low, limited options for buyers

Market Trends

See how prices, monthly costs, and mortgage rates have moved in Central Milpitas.

Median Sale Price
Down 14.9% year-over-year in Central Milpitas. Based on 6 sales in the most recent month.
Homes Sold
33% fewer homes sold than a year ago in Central Milpitas.
Total Monthly Payment
Estimated monthly cost is down 17% from a year ago in Central Milpitas, reflecting changes in both price and mortgage rates.

Includes principal, interest, estimated CA property tax (~1.25%), and estimated insurance (~$2,200/yr). HOA fees not included.

30-Year Fixed Mortgage Rate (National Avg.)
National average currently at 6.3%. Your actual rate depends on your credit, down payment, and loan type.
Melanie Tan
Melanie Tan
DRE #02250755
“I help Bay Area buyers and sellers make confident moves with the latest market data, real local expertise, and the patience to find what's actually right for you, not the fastest close.”
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