Southwestern Milpitas, Milpitas Housing Market

Southwestern Milpitas, Milpitas Market Snapshot

Southwestern Milpitas is a balanced market and tilting gently toward buyers. A good environment for thoughtful decisions on both sides:

Based on 8 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
$1.24M
Down 13.3% from March 2025
Down $190K from March 2025
Homes Sold
8
Sold in the most recent month. More sales = more reliable data.
Your CostWhat would you actually pay each month?
Monthly Payment
~$7,593/mo
6.3% · 30yr fixed · 20% down
Payment Breakdown
  • Principal & Interest$6,122
  • Property Tax$1,288
  • Insurance$183
CompetitionHow competitive is it right now?
Days on Market
15 days
6 more days than in March 2025
Homes typically sell within a month
Sale-to-List Ratio
103.0%
Down from 107.3% in March 2025
Selling at or near asking price
% Sold Over Asking
50%
More than half of homes sold above their asking price
Active Listings
9
Down 10.0% from March 2025
About 1.1 months of supply. Very low, limited options for buyers

Market Trends

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

Median Sale Price
Down 13.3% year-over-year in Southwestern Milpitas. Based on 8 sales in the most recent month.
Homes Sold
33% fewer homes sold than a year ago in Southwestern Milpitas.
Total Monthly Payment
Estimated monthly cost is down 15% from a year ago in Southwestern 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.”
See all reviews on Zillow

Let's Chat!

I read every message and usually reply the same day.

What brings you here?