Intero's Market Report

Milpitas, CA

Single-Family Homes



Milpitas, CA

Tue Aug 09 2022
This week the median list price for Milpitas, CA is $1,499,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has increased to 27. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Milpitas, CA

Tue Aug 09 2022
This week the median list price for Milpitas, CA is $1,499,000 with the market action index hovering around 58. This is about the same as last month's market action index of 58. Inventory has increased to 27. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,499,000
Median Price of New Listings $1,388,000
Per Square Foot $915
Average Days on Market 31
Median Days on Market 14
Price Decreased 26%
Price Increased 4%
Relisted 4%
Inventory 27
Median Rent
Market Action 58
Strong Seller's Market

The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,724,999 1,916 6,500 - 8,000 sqft 4 3 42 0 1 63
$1,595,000 1,860 4,500 - 6,500 sqft 4 3 38 0 0 14
$1,398,888 1,528 4,500 - 6,500 sqft 4 2 56 2 1 7
$1,288,000 1,210 4,500 - 6,500 sqft 3 2 59 1 1 14