Market Report - The Brasil Group

Milpitas, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Milpitas, CA

Mon Dec 11 2023
This week the median list price for Milpitas, CA is $914,444 with the market action index hovering around 65. This is an increase over last month's market action index of 62. Inventory has decreased to 10. 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 Dec 11 2023
This week the median list price for Milpitas, CA is $914,444 with the market action index hovering around 65. This is an increase over last month's market action index of 62. Inventory has decreased to 10. 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 $914,444
Median Price of New Listings $430,000
Per Square Foot $695
Average Days on Market 60
Median Days on Market 53
Price Decreased 30%
Price Increased 0%
Relisted 10%
Inventory 10
Median Rent
Market Action 65
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,450,995 1,859 - 3 2.8 0 0 0 42
$1,270,747 1,671 - 3 3.3 2 0 1 52
$838,888 1,378 0 - 4,500 sqft 3 2 40 0 0 63
$599,995 863 0 - 4,500 sqft 2 1 44 1 2 21