Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Milpitas, CA

Wed Mar 20 2019
This week the median list price for Milpitas, CA is $1,124,888 with the market action index hovering around 60. This is an increase over last month's market action index of 58. Inventory has held steady at or around 26. Click here to stay informed with the Milpitas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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

Wed Mar 20 2019
This week the median list price for Milpitas, CA is $1,124,888 with the market action index hovering around 60. This is an increase over last month's market action index of 58. Inventory has held steady at or around 26. Click here to stay informed with the Milpitas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 $1,124,888
Per Square Foot $684
Days on Market 44
Price Decreased 23%
Price Increased 4%
Relisted 8%
Inventory 26
Median House Rent $3,250
Most Expensive $2,499,000
Least Expensive $850,000
Market Action Index
Strong Seller's Market
60

The market seems to have paused around this plateau. 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
$1,582,444 2,632 6,500 - 8,000 sqft 4 3 44 1 2 71
$1,264,000 1,781 4,500 - 6,500 sqft 4 2 44 1 3 50
$1,000,888 1,484 4,500 - 6,500 sqft 3 2 59 1 3 39
$899,999 1,042 4,500 - 6,500 sqft 3 2 58 0 1 23