Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

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



Milpitas, CA

Sat Oct 16 2021
This week the median list price for Milpitas, CA is $1,376,500 with the market action index hovering around 78. This is an increase over last month's market action index of 71. Inventory has decreased to 8. 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

Sat Oct 16 2021
This week the median list price for Milpitas, CA is $1,376,500 with the market action index hovering around 78. This is an increase over last month's market action index of 71. Inventory has decreased to 8. 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 $1,376,500
Median Price of New Listings $1,297,500
Per Square Foot $826
Average Days on Market 24
Median Days on Market 7
Price Decreased 13%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent $3,750
Market Action 78
Strong Seller's Market

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
$1,495,000 2,231 0 - 4,500 sqft 3 3 8 1 1 7
$1,391,944 1,649 4,500 - 6,500 sqft 4 3 58 0 0 80
$1,334,000 1,544 4,500 - 6,500 sqft 3 2 78 1 1 7
$1,287,499 1,737 4,500 - 6,500 sqft 5 2 58 2 0 0