Mary Pope-Handy's Market Report

Milpitas, CA 95035

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Milpitas, CA 95035

Thu Mar 28 2024
This week the median list price for Milpitas, CA 95035 is $1,631,500 with the market action index hovering around 70. This is an increase over last month's market action index of 63. Inventory has increased to 14. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Milpitas, CA 95035

Thu Mar 28 2024
This week the median list price for Milpitas, CA 95035 is $1,631,500 with the market action index hovering around 70. This is an increase over last month's market action index of 63. Inventory has increased to 14. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,631,500
Median Price of New Listings $1,498,444
Per Square Foot $1,073
Average Days on Market 91
Median Days on Market 7
Price Decreased 14%
Price Increased 7%
Relisted 14%
Inventory 14
Median Rent
Market Action 70
Strong Seller's Market

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
$6,990,000 1,750 N/A 3 2 54 0 0 392
$2,250,000 2,817 0.5 - 1 acre 4 3 45 0 0 14
$1,536,944 1,548 4,500 - 6,500 sqft 3 2.3 65 4 3 0
$1,398,500 1,208 4,500 - 6,500 sqft 3 2 62 2 3 3