Mon Dec 11 2023
This week the median list price for Milpitas, CA is $1,499,000 with the market action index hovering around 69. This is less than last month's market action index of 75. Inventory has increased to 9.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,499,000|
|Median Price of New Listings||$1,448,888|
|Per Square Foot||$1,380|
|Average Days on Market||116|
|Median Days on Market||49|
|Strong Seller's Market|
Despite this week’s down tic, price trends have generally been moving up lately. Prices are below the market’s high point, and so watch the Market Action Index as an indicator of how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,769,500||1,865||10 - 20 acres||3||2.3||54||1||0||224|
|$1,473,944||1,619||8,000 - 10,000 sqft||4||2||61||1||0||38|
|$1,298,000||978||4,500 - 6,500 sqft||3||1||63||1||0||21|