Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Milpitas, CA

Mon Jul 06 2020
This week the median list price for Milpitas, CA is $1,337,500 with the market action index hovering around 62. This is less than last month's market action index of 64. Inventory has held steady at or around 22. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Milpitas, CA

Mon Jul 06 2020
This week the median list price for Milpitas, CA is $1,337,500 with the market action index hovering around 62. This is less than last month's market action index of 64. Inventory has held steady at or around 22. 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 remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,337,500
Per Square Foot $658
Days on Market 72
Price Decreased 18%
Price Increased 5%
Relisted 14%
Inventory 22
Median Rent $3,600
Most Expensive $12,800,000
Least Expensive $850,000
Market Action 62
Strong Seller's Market

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
$3,695,000 4,510 1 - 2.5 acres 5 5 49 1 1 218
$1,499,000 2,468 0 - 4,500 sqft 4 3 28 2 3 33
$1,299,500 2,061 0 - 4,500 sqft 3 3 10 0 3 21
$999,000 1,361 4,500 - 6,500 sqft 3 2 60 3 5 33