Intero's Market Report

Milpitas, CA

Single-Family Homes



Milpitas, CA

Tue Sep 27 2022
This week the median list price for Milpitas, CA is $1,424,944 with the market action index hovering around 61. This is an increase over last month's market action index of 54. Inventory has decreased to 18. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Milpitas, CA

Tue Sep 27 2022
This week the median list price for Milpitas, CA is $1,424,944 with the market action index hovering around 61. This is an increase over last month's market action index of 54. Inventory has decreased to 18. 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 Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,424,944
Median Price of New Listings $1,419,400
Per Square Foot $955
Average Days on Market 38
Median Days on Market 18
Price Decreased 33%
Price Increased 0%
Relisted 6%
Inventory 18
Median Rent
Market Action 61
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$3,492,000 2,567 0.5 - 1 acre 4 3 31 1 1 35
$1,482,500 1,610 4,500 - 6,500 sqft 4 2.5 58 0 0 63
$1,388,800 1,116 4,500 - 6,500 sqft 3 2 64 2 2 7
$1,228,800 1,187 4,500 - 6,500 sqft 3 2 62 1 2 14