Kapowich Real Estate Silicon Valley Reports

Milpitas, CA

Single-Family Homes

Pat Kapowich | 408.245.7700 | Pat@SiliconValleyBroker.com | Broker's License #00979413



Milpitas, CA

Sat Jul 20 2024
This week the median list price for Milpitas, CA is $1,748,944 with the market action index hovering around 73. This is an increase over last month's market action index of 71. Inventory has held steady at or around 16. Click here to stay informed with the Milpitas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Milpitas, CA

Sat Jul 20 2024
This week the median list price for Milpitas, CA is $1,748,944 with the market action index hovering around 73. This is an increase over last month's market action index of 71. Inventory has held steady at or around 16. Click here to stay informed with the Milpitas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,748,944
Median Price of New Listings $1,593,500
Per Square Foot $1,041
Average Days on Market 69
Median Days on Market 7
Price Decreased 6%
Price Increased 6%
Relisted 13%
Inventory 16
Median Rent
Market Action 73
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$5,749,444 5,183 10 - 20 acres 4 5 65 0 0 206
$2,015,000 1,962 4,500 - 6,500 sqft 4 3 47 1 2 7
$1,681,500 1,726 6,500 - 8,000 sqft 4 2 63 2 4 3
$1,272,000 1,185 4,500 - 6,500 sqft 3 2 66 1 2 7