Milpitas Housing Market Report – April 2026
Here's a look at how the Milpitas, CA real estate market performed in April 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 44
- Median Sale Price: $1,291,500
- Average Sale Price: $1,310,280
- Average Price Per Sq Ft: $786
- Average Days on Market: 70
- Sale-to-List Price Ratio: 103.7%
Month-Over-Month Trends
Compared to March, the median sale price in Milpitas moved 0.7% down (from $1,300,000 to $1,291,500). The number of homes sold was 29.4% up compared to the prior month (34 vs. 44). Average days on market shifted 25.0% up (56 days to 70 days).
Year-Over-Year Comparison
Compared to April 2025, the median sale price is 8.2% down (from $1,407,500 to $1,291,500). Sales volume is 0.0% down year-over-year.
What This Means
April's Milpitas market is showing mixed signals, with some encouraging activity offset by slower-moving inventory. Sales jumped 29 percent month-over-month to 44 homes, suggesting that spring buying season is kicking in after a quieter March. However, the real story is one of moderating prices and lingering affordability pressure. The median price dipped slightly to $1.29 million, continuing a concerning year-over-year decline of 8.2 percent from April 2025. While that sounds like relief for buyers, it likely reflects broader regional cooling rather than a buyer's market forming.
Days on market crept up to 70 from 56 the previous month, hinting that homes are taking longer to find their buyers despite the sales volume increase. What's encouraging is that homes still sold above asking at 103.7 percent, indicating genuine demand when properties are priced right. The gap between the median asking price of active listings and actual sale prices suggests some realistic pricing is happening, though 114 active listings represent a thickening inventory.
For perspective, this looks like a market transitioning from pandemic-era frenzy toward something more measured. Milpitas remains expensive by most standards, but the combination of slower absorption, lower prices, and extended marketing times suggests buyers are gaining a bit more negotiating power than they've had in years.
Milpitas Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 95035 | 44 | $1,291,500 | $786 | 70 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| TOWNHOMES | 19 | $1,288,000 | $773 |
| SINGLE_FAMILY | 13 | $1,435,000 | $988 |
| CONDOS | 6 | $949,950 | $673 |
| MOBILE | 4 | $478,750 | $323 |
| MULTI_FAMILY | 2 | $1,765,000 | $874 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $400K - $499K | 2 |
| $500K - $749K | 4 |
| $750K+ | 37 |
Current Active Listings
As of this report, there are 114 active listings in Milpitas with a median asking price of $1,248,148 and an average of 57 days on market.
Thinking About Selling Your Milpitas Home?
If you're a homeowner in Milpitas considering selling, you have options. While the traditional market is one route, selling directly for cash can save you time, commissions, and the hassle of repairs and showings. We buy houses in Milpitas and throughout Santa Clara County — get a no-obligation cash offer today.