Southeastern Milpitas, Milpitas Housing Market · 2026

Data through May 2026

Southeastern Milpitas, Milpitas Market Snapshot

Southeastern Milpitas favors sellers and competition is intensifying. Here's the picture:

Based on 19 homes sold in May 2026. Includes all residential types (SFH, condo, townhouse, multi-family, and others). Updated weekly.

Data through May 2026

SalesWhat are homes selling for?
Median Sale Price
$1.50M
Down 6.0% from May 2025
Down $95K from May 2025
Homes Sold
19
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$9,323/mo
6.49% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$7,577
  • Property Tax$1,563
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
24.5 days
9 more days than in May 2025
Homes typically sell within a month
Sale-to-List Ratio
108.8%
Up from 104.6% in May 2025
Selling 9% above asking
% Sold Over Asking
68%
68% of homes sold above their asking price
Active Listings
9
Down 43.8% from May 2025
About 0.5 months of supply. Very low, limited options for buyers

Market Trends

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

Median Sale Price
Down 6.0% year-over-year in Southeastern Milpitas. Based on 19 sales in the most recent month.
Homes Sold
6% more homes sold than a year ago in Southeastern Milpitas.
Total Monthly Payment
Estimated monthly cost is down 9% from a year ago in Southeastern 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 6.49%. Your actual rate depends on your credit, down payment, and loan type.

Frequently asked questions about Southeastern Milpitas, Milpitas

Is now a good time to buy in Southeastern Milpitas, Milpitas?

Southeastern Milpitas, Milpitas favors sellers and competition is intensifying. Buyers should prepare strong offers and expect limited room to negotiate on well-priced listings.

How do Southeastern Milpitas, Milpitas home prices compare to the Bay Area average?

At $1.50M, Southeastern Milpitas, Milpitas's median sits about 19% below the Bay Area average of $1.85M. That average is skewed high by ultra-premium peninsula enclaves like Atherton and Woodside, so a more useful frame is that Southeastern Milpitas, Milpitas is one of the more accessible corners of the Bay Area.

Within Milpitas, this area trades about 19% above the city-wide median of $1.26M.

By home type:

  • Single-family homes at $1.62M
  • Condos at $490K
What price range should I budget for in Southeastern Milpitas, Milpitas?

Prices in Southeastern Milpitas, Milpitas depend heavily on home type and specific neighborhood. Median sale prices by type:

  • Single-family homes at $1.62M
  • Condos at $490K

Individual listings vary widely based on location, size, and condition. The best calibration is to narrow to a few specific neighborhoods you are considering and look at recent sales there.

How competitive is Southeastern Milpitas, Milpitas for buyers?

Southeastern Milpitas, Milpitas currently favors sellers:

  • Homes sell about 9% above asking on average
  • 68% close above list price
  • 24.5 days typical time to go pending

Buyer strategy: well-priced homes still move quickly, but there is modest room for strong offers. Come in pre-approved with a clear plan.

What will my total monthly cost be on a median-priced Southeastern Milpitas, Milpitas home?

At $1.50M with 20% down at 6.49%, your estimated total monthly cost is approximately $9,323:

  • $7,577 principal and interest
  • $1,563 property tax (California 1.25% effective rate)
  • $183 homeowners insurance

HOA fees are extra. Condo buyers typically budget an additional $300 to $700 per month for HOA, and townhome HOAs run $200 to $500.

No noise, just a quick weekly read on what's going on in your market.

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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