Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Milpitas, CA

Mon Apr 06 2020
This week the median list price for Milpitas, CA is $1,128,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has held steady at or around 19. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Milpitas, CA

Mon Apr 06 2020
This week the median list price for Milpitas, CA is $1,128,000 with the market action index hovering around 67. This is an increase over last month's market action index of 65. Inventory has held steady at or around 19. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,128,000
Per Square Foot $739
Days on Market 52
Price Decreased 5%
Price Increased 0%
Relisted 0%
Inventory 19
Median Rent $3,600
Most Expensive $12,800,000
Least Expensive $845,000
Market Action 67
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
$6,747,500 3,800 0.5 - 1 acre 4 4 52 0 0 178
$1,188,888 1,763 6,500 - 8,000 sqft 3 3 54 1 1 33
$1,099,777 1,597 4,500 - 6,500 sqft 3 2 55 2 1 15
$988,000 1,122 4,500 - 6,500 sqft 3 2 62 2 1 5