Mary Pope-Handy's Market Report

Milpitas, CA

Condos/Townhomes

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



Milpitas, CA

Sun Aug 01 2021
This week the median list price for Milpitas, CA is $995,000 with the market action index hovering around 78. This is less than last month's market action index of 84. Inventory has increased to 27. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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

Sun Aug 01 2021
This week the median list price for Milpitas, CA is $995,000 with the market action index hovering around 78. This is less than last month's market action index of 84. Inventory has increased to 27. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $995,000
Median Price of New Listings $996,500
Per Square Foot $660
Average Days on Market 12
Median Days on Market 7
Price Decreased 26%
Price Increased 7%
Relisted 11%
Inventory 27
Median Rent $3,020
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
$1,250,000 1,857 0 - 4,500 sqft 3 4 7 3 4 7
$1,068,000 1,666 0 - 4,500 sqft 3 3 14 2 5 7
$949,000 1,371 0 - 4,500 sqft 2 2 12 3 4 7
$798,888 1,108 0 - 4,500 sqft 2 2 14 2 6 7