Market Report - The Brasil Group

Milpitas, CA

Single-Family Homes

The Brasil Group | info@theBrasilGroup.com



Milpitas, CA

Mon Jun 24 2024
This week the median list price for Milpitas, CA is $1,699,000 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has decreased to 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Mon Jun 24 2024
This week the median list price for Milpitas, CA is $1,699,000 with the market action index hovering around 71. This is an increase over last month's market action index of 70. Inventory has decreased to 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $1,699,000
Median Price of New Listings $1,593,000
Per Square Foot $986
Average Days on Market 44
Median Days on Market 7
Price Decreased 20%
Price Increased 0%
Relisted 20%
Inventory 15
Median Rent
Market Action 71
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
$4,499,000 5,500 0.25 - 0.5 acre 5 6 39 0 1 21
$1,824,500 1,874 6,500 - 8,000 sqft 4 3.5 57 1 0 35
$1,593,000 1,649 0 - 4,500 sqft 4 3 59 2 3 7
$1,274,944 1,212 6,500 - 8,000 sqft 3 2 67 1 1 7