Milpitas Housing Market Update - July 2025
Hey Milpitas residents! Nik and Eddie here with your July 2025 market update, bringing you the latest insights into what's happening in your local housing market. Whether you're looking to buy, sell, or just stay informed, here's what you need to know.
Current Market Snapshot
The Milpitas market is showing a steady pace, with homes continuing to move when they are priced correctly and well-prepared.
Market Statistics
- Active Listings: We currently have 93 active listings.
- Pending Homes: There are 34 homes under contract.
- Homes Sold in June: A total of 39 homes were sold last month.
- Pending-to-Active Ratio: ~37% - signaling balanced but active buyer demand
- Inventory Level: Approximately 2.5 months of supply
Buyer and Seller Dynamics
While buyers have more options in today's market, they are quick to act when they see true value. As a prime example, one of our listings on Milk Wheat Street recently went pending at a strong price, even in this more balanced environment.
The median price is holding steady at about $1.4 million, and well-presented homes are going into contract in just 16 days. This indicates that even with buyers being more selective, desirable properties are still moving quickly.
Hot Spots and Growth Drivers
We're observing strong demand in specific "hot spots" across Milpitas, particularly near BART, around Great Mall, and in newer communities like Parkside West.
Looking ahead, Milpitas is on a solid path forward, bolstered by the new Rivian facility and consistent growth in the tech and manufacturing sectors.
Strategies for Success
- For Sellers: Now is your window to stand out! Focus on strong pricing, solid preparation, and smart marketing to attract buyers.
- For Buyers: While there's more inventory available, the best homes are still moving fast. Don't hesitate when you find a property that meets your needs.
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