Milpitas: October 2025 Housing Market Update

Market Statistics

• Active Listings: 71
• Homes Pending: 35
• Homes Sold in October: 28
• Market Inventory: Less than 6 months supply (healthy market)
• Buyer Activity: Multiple offers on well-priced homes
• Open House Traffic: Steady demand with consistent foot traffic

Why Milpitas? Location, Location, Location

Unbeatable Connectivity

Milpitas offers one of the best strategic locations in the Bay Area. Centrally positioned with access to major highways including the 237, 101, 680, and 880, Milpitas provides unmatched connectivity for commuters and families. Whether you're working in San Jose, San Francisco, or the East Bay, Milpitas puts you at the center of it all.

Major Investments and Development

• Downtown Revitalization: Milpitas is undergoing significant downtown refreshment with major investments transforming the area into a vibrant urban center.
• Infrastructure Improvements: The city continues to invest in infrastructure, amenities, and community features that enhance quality of life for residents.
• Growing Tech Presence: Proximity to Silicon Valley's tech corridor ensures continued demand and economic stability.

What's Happening in the Milpitas Market?

Key Market Insights

• Healthy Market Balance: Despite perceptions of a market crash, the numbers tell a different story. With less than 6 months of inventory supply, Milpitas maintains a balanced, healthy market—conditions that would be considered excellent in most parts of the country.
• Multiple Offers Are Back: Well-priced, well-prepared homes are receiving multiple offers, demonstrating strong underlying demand in the market.
• Steady Buyer Demand: While not the frenzy of peak years, open houses are seeing consistent foot traffic with serious, qualified buyers actively looking.
• Mortgage Rate Impact: Recent drops in mortgage rates have created an uptick in market activity, bringing more buyers off the sidelines and into active home searches.
• Bay Area Perspective: It's important to remember that the Bay Area market moves differently than national trends. What might seem slow here would be considered robust in most other markets—we're simply accustomed to rapid pace.

Strategic Advice for Buyers and Sellers

For Buyers:

• This is Your Opportunity: If you're thinking about buying in Milpitas, the timing is favorable. With steady inventory, improving mortgage rates, and less competition than peak years, buyers have more negotiating power.
• Location Investment: Milpitas's central location and ongoing development make it a strategic long-term investment. The connectivity alone—with access to four major highways—provides flexibility for changing work situations.
• Act on Good Properties: While you have more time than in previous years, well-priced homes are still generating multiple offers. Be prepared to move decisively when you find the right property.
• Consider Future Growth: The significant investments being made in Milpitas's downtown and infrastructure suggest strong appreciation potential for years to come.

For Sellers:

• Hire the Right Agent: In this market, professional representation matters more than ever. An experienced agent understands how to position, market, and negotiate your home sale effectively.
• Price It Right: Accurate pricing is critical. Overpriced homes sit on the market while properly priced properties are generating multiple offers and selling quickly.
• Preparation is Key: How your home shows matters tremendously. Proper preparation, staging, and presentation can be the difference between a quick sale with multiple offers and a property that lingers.
• Strategic Planning: Consider your next move. Whether you're upgrading, downsizing, or relocating, having a clear strategy ensures you make the best decision for your situation. No obligation consultations can help you think through your options.

Final Thoughts

The Milpitas housing market in October 2025 continues to demonstrate stability and opportunity. For buyers, the combination of strategic location, ongoing city investments, and favorable market conditions make Milpitas an attractive option. For sellers, success comes down to preparation, pricing, and working with professionals who understand how to navigate current conditions.

Whether you're considering buying or selling in Milpitas, or simply want to brainstorm your options with no obligation, reach out to a local real estate professional who can help you develop a strategy tailored to your unique goals. Location, location, location—and Milpitas has it in abundance.