Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

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



Milpitas, CA

Sat Apr 13 2024
This week the median list price for Milpitas, CA is $1,498,888 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has increased to 15. 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Milpitas, CA

Sat Apr 13 2024
This week the median list price for Milpitas, CA is $1,498,888 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has increased to 15. 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,498,888
Median Price of New Listings $1,499,894
Per Square Foot $1,130
Average Days on Market 95
Median Days on Market 14
Price Decreased 13%
Price Increased 7%
Relisted 20%
Inventory 15
Median Rent
Market Action 67
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.

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 0 406
$1,969,000 2,083 0.25 - 0.5 acre 3 3 55 2 1 21
$1,468,000 1,227 4,500 - 6,500 sqft 3 2 65 1 0 14
$1,322,500 1,106 4,500 - 6,500 sqft 3 2 61 1 0 10