Market Report - The Brasil Group

Milpitas, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Milpitas, CA

Tue May 28 2024
This week the median list price for Milpitas, CA is $1,058,444 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has increased to 22. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Milpitas, CA

Tue May 28 2024
This week the median list price for Milpitas, CA is $1,058,444 with the market action index hovering around 66. This is an increase over last month's market action index of 65. Inventory has increased to 22. 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 has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $1,058,444
Median Price of New Listings $1,078,000
Per Square Foot $749
Average Days on Market 23
Median Days on Market 14
Price Decreased 18%
Price Increased 5%
Relisted 5%
Inventory 22
Median Rent
Market Action 66
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
$1,487,287 1,892 0 - 4,500 sqft 3 3 0 0 0 28
$1,226,417 1,618 0 - 4,500 sqft 3 3 9 2 1 14
$969,444 1,378 0 - 4,500 sqft 3 3 30 1 0 17
$793,500 1,126 0 - 4,500 sqft 2 2 45 1 2 7