Milpitas Real Estate Market Report, June 2026 | Median Prices, Inventory & Trends

Milpitas stayed firmly on the seller's side of the table in June 2026, and unlike some neighboring cities, supply here actually got tighter. The typical single-family home sold for $1,800,000, closed at 104.1% of its asking price, and went under contract in a median of just 12 days, while inventory slipped to only 1.31 months. Here is the complete picture, recreated from the Bay East Association of REALTORS® and RPR market-trends data, with a free branded PDF you can download and keep at the end.

June 2026 at a glance

Milpitas, CA, Single Family Residence, Median sold price $1,800,000, Sold-to-list 104.1%, Median 12 days on market, 1.31 months of inventory, 21 active listings, Median estimated value $1,669,870

*Photo: formulanone, Wikimedia Commons, CC BY-SA 2.0.*

The interactive dashboard below walks through every number, the median sold price, the months-of-supply gauge, the full metric grid, and this month's supply and demand by stage.

What the numbers are telling us

It is firmly a seller's market, and inventory is thin. Months of inventory finished June at 1.31, down about 22% from last month and down 39.6% over the past year. Anything under three months counts as a seller's market, and Milpitas sits well under that line, with less choice for buyers than a year ago. For a sense of how neighboring markets compare, see my Fremont June market report.

Buyers are paying well over asking. A sold-to-list ratio of 104.1% means the typical Milpitas home closed about 4.1% above its list price. Combine that with a median of just 12 days on market and the message is clear: well-prepared, well-priced homes are drawing fast, competitive offers, often more than one.

Prices jumped this month. The median sold price of $1,800,000 is up 20% from last month, a large monthly move that reflects June's mix of larger, higher-end homes closing. Fresh June listings asked a median of $1,624,500, notably below where homes actually closed, so June's closings were skewed toward the upper end of the market.

Estimated values have softened over the year. RPR's median estimated home value sits at $1,669,870, up 1.2% for the month but down 10.2% over the past year. Day-to-day sales stayed strong even as the broader valuation eased, a reminder that pricing to the live market matters more than any single headline number. For why that matters, see the overpricing trap.

Prices across the pipeline

Here is where prices sat at each stage of the Milpitas market in June 2026:

• New listings, median list price $1,624,500 across 18 new homes
• Active, median list price $1,599,000 across 21 homes on the market
• New pending, median list price $1,799,888 across 17 fresh contracts
• Pending, median list price $1,799,999 across 13 homes awaiting close
• Sold, median sold price $1,800,000 across 17 closed homes
• Median price per square foot, $977 on closed single-family sales, versus $1,000 on today's active listings

Pending and new-pending medians clustered right around $1.8M, close to where closings landed, which points to steady demand at the heart of the Milpitas single-family market even as active list prices sat a little lower.

Supply and demand this month

June brought 18 new listings, and 21 homes sat active at the end of the month. Meanwhile 17 homes went into contract, 13 were pending at month end, and 17 closed. With months of inventory at 1.31, down 39.6% from a year ago, Milpitas carries noticeably less supply than most Bay Area markets, and demand kept the city firmly in seller's-market territory.

Get the full report, free

I put the entire month into a clean, printable PDF: every median price across the pipeline, the months-of-supply gauge, this month's supply and demand counts, and the five year trend bands, all in my own branding rather than a generic template.

Thinking about a move in Milpitas?

A market report tells the story of the whole city. To know what it means for your specific home or your next purchase, let's talk. I will put together a true, address-specific opinion of value based on the homes actually selling on your street, no pressure, no obligation. Call or text me at (510) 600-3425, or email homes@HarvRealtor.com. If you are weighing a sale, my seller's guide is the right place to start, and the Milpitas city guide is a good neighborhood-by-neighborhood overview.

**Not a guarantee.** Market figures are from the Bay East Association of REALTORS® and Realtors Property Resource® (RPR®), deemed reliable but not guaranteed, and are not a prediction of future value. They describe the broader Milpitas single-family market and may not reflect any individual home. Harv Balu, REALTOR® (CA DRE #02195792) · REALTY EXPERTS® (CA DRE #00414413). Equal Housing Opportunity.