Market Report - The Brasil Group

Milpitas, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Milpitas, CA

Sat Jun 10 2023
This week the median list price for Milpitas, CA is $1,449,000 with the market action index hovering around 77. This is less than last month's market action index of 85. Inventory has held steady at or around 14. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Milpitas, CA

Sat Jun 10 2023
This week the median list price for Milpitas, CA is $1,449,000 with the market action index hovering around 77. This is less than last month's market action index of 85. Inventory has held steady at or around 14. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,449,000
Median Price of New Listings $1,238,000
Per Square Foot $860
Average Days on Market 36
Median Days on Market 7
Price Decreased 14%
Price Increased 0%
Relisted 0%
Inventory 14
Median Rent
Market Action 77
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$5,789,000 1,750 10 - 20 acres 3 2 53 0 0 98
$1,999,000 2,112 6,500 - 8,000 sqft 4 2.5 53 0 0 7
$1,382,000 1,667 6,500 - 8,000 sqft 3 2.3 59 2 0 3
$1,199,000 1,344 6,500 - 8,000 sqft 3 2 65 3 0 0