Market Report - The Brasil Group

Milpitas, CA

Condos/Townhomes

The Brasil Group | info@theBrasilGroup.com



Milpitas, CA

Tue Sep 28 2021
This week the median list price for Milpitas, CA is $788,800 with the market action index hovering around 79. This is an increase over last month's market action index of 76. Inventory has increased to 19. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Milpitas, CA

Tue Sep 28 2021
This week the median list price for Milpitas, CA is $788,800 with the market action index hovering around 79. This is an increase over last month's market action index of 76. Inventory has increased to 19. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Milpitas market.
Median List Price $788,800
Median Price of New Listings $893,500
Per Square Foot $686
Average Days on Market 24
Median Days on Market 7
Price Decreased 5%
Price Increased 5%
Relisted 11%
Inventory 19
Median Rent $3,071
Market Action 79
Strong Seller's Market

Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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
$1,098,965 1,756 0 - 4,500 sqft 3 3 4 2 3 3
$899,000 1,310 0 - 4,500 sqft 2 2 11 3 1 21
$695,000 882 0 - 4,500 sqft 2 1 42 1 1 14
$599,888 768 0 - 4,500 sqft 1 1 14 2 0 7