Mary Pope-Handy's Market Report

Milpitas, CA

Single-Family Homes

Sereno Group| 408 204-7673 | ValleyOfHeartsDelight.com



Milpitas, CA

Fri Feb 28 2020
This week the median list price for Milpitas, CA is $1,200,000 with the market action index hovering around 68. This is an increase over last month's market action index of 61. Inventory has held steady at or around 15. 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

Fri Feb 28 2020
This week the median list price for Milpitas, CA is $1,200,000 with the market action index hovering around 68. This is an increase over last month's market action index of 61. Inventory has held steady at or around 15. 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 $1,200,000
Per Square Foot $660
Days on Market 47
Price Decreased 7%
Price Increased 0%
Relisted 0%
Inventory 15
Median Rent $3,675
Most Expensive $10,000,000
Least Expensive $835,000
Market Action 68
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
$3,495,000 2,765 1 - 2.5 acres 4 5 56 0 1 116
$1,324,500 2,355 0 - 4,500 sqft 4 3 19 1 1 29
$1,193,975 1,501 6,500 - 8,000 sqft 4 2 58 1 1 28
$949,500 1,271 4,500 - 6,500 sqft 3 2 60 2 1 29