Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Milpitas, CA

Sat Jul 31 2021
This week the median list price for Milpitas, CA is $1,378,888 with the market action index hovering around 70. This is less than last month's market action index of 81. Inventory has increased to 34. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Milpitas, CA

Sat Jul 31 2021
This week the median list price for Milpitas, CA is $1,378,888 with the market action index hovering around 70. This is less than last month's market action index of 81. Inventory has increased to 34. 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 cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,378,888
Median Price of New Listings $1,238,944
Per Square Foot $790
Average Days on Market 22
Median Days on Market 18
Price Decreased 18%
Price Increased 3%
Relisted 0%
Inventory 34
Median Rent $3,500
Market Action 70
Strong Seller's Market

The market appears to be hovering around these current levels, though prices movved up a bit this week. The Market Action Index is a good leading indicator for the durability of this shift.

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
$1,624,450 2,256 4,500 - 6,500 sqft 4 3 37 3 0 28
$1,450,000 2,020 4,500 - 6,500 sqft 4 2 47 1 2 31
$1,298,000 1,549 0 - 4,500 sqft 4 3 40 2 1 21
$1,099,000 1,146 4,500 - 6,500 sqft 3 2 61 4 2 7