Market Report - The Brasil Group

Milpitas, CA 95035

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Milpitas, CA 95035

Wed Sep 22 2021
This week the median list price for Milpitas, CA 95035 is $849,000 with the market action index hovering around 77. This is an increase over last month's market action index of 76. Inventory has decreased to 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Milpitas, CA 95035

Wed Sep 22 2021
This week the median list price for Milpitas, CA 95035 is $849,000 with the market action index hovering around 77. This is an increase over last month's market action index of 76. Inventory has decreased to 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 been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $849,000
Median Price of New Listings $935,000
Per Square Foot $703
Average Days on Market 24
Median Days on Market 11
Price Decreased 6%
Price Increased 13%
Relisted 13%
Inventory 16
Median Rent $3,070
Market Action 77
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market’s highs. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,024,965 1,530 0 - 4,500 sqft 3 3 6 2 1 21
$947,500 1,330 0 - 4,500 sqft 2 2 12 2 1 7
$743,900 1,052 0 - 4,500 sqft 2 2 29 1 1 21
$506,500 722 0 - 4,500 sqft 1 1 14 2 0 3