Milpitas Market Report, August 2026: Median $1,775,000, 1.36 Months of Supply

The Milpitas housing market just posted its August 2026 numbers. Buyers came back in force, supply tightened, and yet homes sold at about their asking price, not far over it. Here is where things stand for single family homes, citywide.

• Median sold price: $1,775,000, up 6.3% from July, on just 10 closed sales.
• But price per square foot fell 8.4% to $932, the lowest since early 2024 on RPR's chart. With so few sales, the higher median most likely reflects which homes closed, not a citywide jump in value.
• Buyers returned: 21 homes went into contract, nearly double July's 11, while active listings fell to 19.
• Supply and pricing: 1.36 months of inventory, down about 36% on the month. Homes sold at 100.3% of list after a median of 13 days on market, down for at least the third month running.

I broke the whole picture down, the price pipeline, the months of supply dial, where August sits against the last five years, and what it all means for buyers and sellers, with a free printable report, on my market reports hub.

Read the full Milpitas August 2026 market report →

Download the full report (PDF)

Based on information from the Bay East Association of REALTORS® as of October 3, 2026. Figures describe single family homes across the city of Milpitas. Properties may or may not be listed by the office or agent presenting this information.

Prepared by Harv Balu, REALTOR®, GRI, CIPS, PSA, FTBS, DRE #02195792. REALTY EXPERTS®. Call or text 510 600 3425. Equal Housing Opportunity.