Blog > New-Construction Townhomes and Condos in Milpitas: Prices and Homes for Sale (2026)
New-Construction Townhomes and Condos in Milpitas: Prices and Homes for Sale (2026)
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Shopping for a new townhome or condo in Milpitas? Of the 382 condos and townhouses that sold in Milpitas in the two years to October 27, 2026, 42 (11%) were described in their listings as new construction or built in 2018 or later: 33 townhouses and 9 condos. Across Silicon Valley the share is 4%. Here’s what they sold for, how they compare with resales, and a one-click search of the newer homes for sale now.
The short answer
- Median price: $1.23M (all Milpitas condos and townhouses: $1.14M), about the same per square foot as resales of the same type in Milpitas.
- Typical size: 1,720 sq ft, 3 bedrooms.
- Bidding: 57% sold over asking (all Milpitas condos and townhouses: 54%). Builders often sell at list or offer incentives instead of taking bids.
Shopping now?
- See the newest homes for sale in Milpitas now: our Feature Finder opens on homes built in 2020 or later (the newest it can pick out from listing data); tap “Condos and townhomes” to leave out houses.
- Search all homes for sale, then use Save Search to get new listings by email.
- Talk to a Property Nerd before you visit a sales office: we can represent you with the builder.
Townhouses or condos
New construction in Milpitas by type (types with at least 3 sales). “Per sq ft vs. resales” compares each sale’s price per square foot with the median for all Milpitas condos or townhouses, whichever it is.
| Type | Sales | Median price | Median sq ft | Per sq ft vs. resales |
|---|---|---|---|---|
| Townhouses | 33 | $1.31M | 1,782 | 1% less |
| Condos | 9 | $1.05M | 1,552 | 5% more |
By bedrooms
New townhomes and condos sold in Milpitas in the two years, by bedroom count (groups with at least 3 sales).
| Bedrooms | Sales | Median price | Median sq ft |
|---|---|---|---|
| 2 | 7 | $960K | 1,236 |
| 3 | 31 | $1.24M | 1,753 |
| 4+ | 4 | $1.48M | 2,018 |
By price
How the 42 sales spread across price bands.
| Sale price | Sales | Share |
|---|---|---|
| under $1M | 4 | 10% |
| $1M to $1.25M | 19 | 45% |
| $1.25M to $1.5M | 16 | 38% |
| $1.5M and up | 3 | 7% |
Before you buy new
- Many builder sales never reach the MLS, so these counts are low; ask us what’s selling in a community directly from the builder.
- Bring your own agent on the first visit. Many builders only work with a buyer’s agent who registers you at your first visit to the sales office.
- Read the HOA budget and reserves. A new association’s dues are an estimate until it has a few years of real costs; ask how the reserves are funded. Our HOA Lab walks through it.
- Ask about special taxes. Some new communities carry a Mello-Roos (Community Facilities District) tax or special assessments on top of the regular property tax; ask for the disclosure.
- Still get an inspection, and read the warranty: what it covers, for how long, and how to file a claim.
- Compare incentives as dollars. A rate buydown, upgrades or closing-cost credit can be worth more or less than a price cut; ask a lender to price each.
How we counted
Closed sales of condos and townhouses with a Milpitas address between October 28, 2024 and October 27, 2026, reported to the MLS and read through the IDX feeds that power our home search, with repeat records from different feeds removed (normalized address, unit number and sale date). A sale counts as new when its listing description says new construction or brand-new, gives a year built from 2018 on, or says the home is 1 to 5 years old. Price per square foot uses sales with 300 sq ft or more and is compared with the median for the same type in Milpitas. Past sales aren’t a forecast or the value of any one home.
Go deeper
See new townhomes and condos across Silicon Valley, every Milpitas condo and townhome price, every home type in Milpitas, new-construction houses and end-unit townhomes and top-floor condos.
Buying new in Milpitas?
A Property Nerd will compare the builder’s price and incentives with recent resales on the same streets, read the HOA budget with you and negotiate the contract. Call (408) 373-1660 or (650) 383-8606, or book a strategy call. Commissions are negotiable, and we offer bundled services, so ask us what’s included.