Market Report - The Brasil Group

Milpitas, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Milpitas, CA

Mon Oct 03 2022
This week the median list price for Milpitas, CA is $1,424,944 with the market action index hovering around 59. This is an increase over last month's market action index of 55. Inventory has held steady at or around 20. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Milpitas, CA

Mon Oct 03 2022
This week the median list price for Milpitas, CA is $1,424,944 with the market action index hovering around 59. This is an increase over last month's market action index of 55. Inventory has held steady at or around 20. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,424,944
Median Price of New Listings $1,783,750
Per Square Foot $947
Average Days on Market 40
Median Days on Market 21
Price Decreased 35%
Price Increased 0%
Relisted 5%
Inventory 20
Median Rent
Market Action 59
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$2,999,000 2,874 0.25 - 0.5 acre 4 3 38 1 0 14
$1,468,888 1,634 4,500 - 6,500 sqft 4 3 59 0 0 63
$1,388,800 1,158 4,500 - 6,500 sqft 3 2 62 1 0 14
$1,228,800 1,116 6,500 - 8,000 sqft 3 2 63 0 0 21