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

Milpitas August 2025 Housing Market Update

Welcome to your August 2025 Milpitas Market Update! In this post, we'll cover the latest real estate trends in Milpitas including current market stats, pricing insights, and transformative development plans 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 Activity with Strong Fundamentals

The Milpitas housing market continues to demonstrate solid performance this summer. Here's a snapshot of the latest data:

• Active Listings: 82 homes
• Pending Sales: 44 homes
• Homes Sold (July 2025): 33 homes
• Pending-to-Active Ratio: ~54%
• Average Home Price: ~$1.4M
• Months of Inventory: 2.5 months
• Average Days on Market: Under 2 weeks for staged, updated, move-in-ready homes

With approximately two and a half months of inventory and a strong 54% pending to active ratio, buyer demand remains solid. Homes are moving at a steadier pace than the midsummer highs, creating more strategic opportunities for both buyers and sellers. Well prepared homes continue to receive offers quickly, particularly those that are staged, updated, and move in ready.

Development and Long-Term Growth

Beyond the current numbers, significant changes are happening in Milpitas that will shape the future of your local market. The city is undergoing a major transformation with several key development initiatives:

Housing Opportunity Districts now allow for increased density along major streets like Montague and Calaveras, opening doors for new mid rise housing and mixed use development.

The Milpitas Metro-Specific Plan is moving forward, focused on building up the area around the Great Mall and BART station. This ambitious project will bring new housing, retail, office space, and up to 12,000 new jobs. It could double housing in that zone.

A single project is underway near the Transit Center featuring 102 brand new all electric affordable units. This first of a kind project represents a bold step forward and provides a preview of what's coming to your local market in Milpitas.

The Gateway Main Street Plan is almost ready to launch, setting the stage for walkable neighborhoods and new infill development right in the core of Milpitas.

What This Means for Property Values

All of this development means long term demand and value. If you're near BART, future mixed use zones, or walkable areas, your property is well positioned for growth. These infrastructure improvements and job creation will drive sustained demand for housing in Milpitas.

Advice for Buyers and Sellers

For Buyers: Now is a great time to focus on those growth areas, properties near BART, planned development zones, and future walkable neighborhoods. These locations offer strong potential for long term appreciation as Milpitas transforms into a more connected, transit oriented community.

For Sellers: Highlight your home's access to transit, new jobs, and future community upgrades when marketing your property. Properties positioned near these development areas have compelling value propositions that resonate with today's buyers.

Let's Talk About Your Next Move

That's your Milpitas housing market update for August 2025: real numbers, local insight, and the bigger picture driving your local market. Whether you're thinking of buying, selling, or just staying informed, we're here to help you build a strategy around all these exciting changes. Reach out today for expert guidance tailored to your goals.