Milpitas: September Housing Market Update | By Eddie Oberoi and Nik Seth

Milpitas September 2025 Housing Market Update

Welcome to your September 2025 Milpitas Market Update! In this post, we'll cover the latest real estate trends in Milpitas including current market stats, major economic developments, and planning updates that are shaping the future of your local market. This analysis comes straight from local market experts Nik Seth and Eddie Oberoi.

Market Overview: Steady Yet Competitive

The Milpitas housing market maintains steady momentum heading into fall. Here's a snapshot of the latest data:

• Active Listings: 70 homes
• Pending Sales: 36 homes
• Homes Sold (August 2025): 38 homes
• Pending-to-Active Ratio: ~51%
• Months of Inventory: 2 months
• Market Heat: Recent listing pulled in 20 offers

With approximately two months of inventory and a solid 51% pending to active ratio, the market remains steady yet competitive. Buyers are selective, but when a home is dialed in and priced right with the right agent, the demand shows up. Well-presented homes are moving fast, with properly prepared properties attracting significant buyer interest.

Economic Development and Planning Updates

Major developments are positioning Milpitas for sustained growth and creating excellent conditions for long-term housing demand:

The city has approved an economic development incentive agreement with Rivian for a new facility in Milpitas. This kind of anchor employer brings direct jobs and vendors to the area, creating great conditions for long-term housing demand.

The Housing Opportunity Districts are now live. The city has updated zoning in neighborhood commercial mixed-use and town center areas to make it easier to add housing and mixed-use options. This creates stronger neighborhoods, better amenities, and clear paths for strategic targets.

What This Means for Property Values

These job creation initiatives and zoning updates signal strong fundamentals for property values. Properties near corridor types connected to these plans or job hubs offer significant upside potential. Meanwhile, well-kept pockets in the courtyards where inventory is still tight continue to offer stability for those seeking quieter streets.

Advice for Buyers and Sellers

For Buyers: If you want upside, watch corridor types near these plans or job hubs. If you favor quieter streets, look for well-kept pockets in the courtyards where inventory is still tight. The key is matching your goals with the right location strategy.

For Sellers: Lead with the story. Approximating job growth, streetscape upgrades, and zoning that supports amenities helps your home stand out. Make sure you tell that to your agent so they can effectively market these advantages.

Let's Talk About Your Next Move

That's your Milpitas housing market update for September 2025: real numbers, real projects, real strategy. Ready to make a move that fits the market? We're here to map it out for you. If you have any questions, reach out to us. We'll see you soon.