Unlock Lucrative Deals in Milpitas’ Booming Real Estate Market! 2024

Rapid Sales Pace

Homes in Milpitas are selling at a brisk pace, with the Median Days on Market being just 9 days. This rapid turnover rate indicates strong buyer interest and a fast-moving market.

• Median Days on Market: Homes spend a median of only 9 days on the market, up 28.57% from the previous month but still indicative of swift sales.

Sellers Benefiting from High List to Sold Price Ratios

The List to Sold Price ratio is currently at 106.2%, meaning that homes are typically selling for above their asking price. This is a clear sign of robust demand and competitive bidding among buyers.

• List to Sold Price Ratio: At 106.2%, this figure represents a 1.77% increase month-over-month, illustrating strong buyer willingness to meet or exceed asking prices.

High Median Sold Prices

The Median Sold Price for homes in Milpitas is $1,613,500, reflecting the high value and desirability of properties in the area.

• Median Sold Price: The current median sold price is $1,613,500, a slight decrease of 0.71% from the previous month, indicating a stabilizing yet still lucrative market for sellers.

Growth in Property Values

The Median Estimated Property Value in Milpitas has reached $1,733,260, showing continuous growth.

• Last Month Change: Property values have risen by 2.7% in the last month.
• 12 Month Change: Over the past year, property values have increased by 12.2%, showcasing long-term growth and stability.