Market Report
MILPITAS (CITY), CA
AUGUST 2022 | SINGLE FAMILY
alt_text
Larry Rapiz
Realtor®
License: 01897929
Office: (510) 780-6114
lrapiz@intero.com


MILPITAS (CITY), CA
MARKET SUMMARY
August 2022 | Single Family
Market Month to Date Year to Date
Summary August 2022 August 2021 % Change YTD 2022 YTD 2021 % Change
New Listings 22 31 -29.03%  213 246 -13.41% 
Sold Listings 22 37 -40.54%  136 204 -33.33% 
Median List Price (Solds) $1,524,388 $1,298,000 17.44%  $1,468,000 $1,298,794 13.03% 
Median Sold Price $1,512,500 $1,390,000 8.81%  $1,581,944 $1,382,500 14.43% 
Median Days on Market 41 37 10.81%  38 38 0% 
Average List Price (Solds) $1,481,762 $1,373,888 7.85%  $1,541,018 $1,363,598 13.01% 
Average Sold Price $1,468,848 $1,483,143 -0.96%  $1,680,901 $1,469,877 14.36% 
Average Days on Market 44 50 -12%  39 43 -9.3% 
List/Sold Price Ratio 99.8% 108.7% -8.22%  110.1% 108.3% 1.68% 
NEW PROPERTIES
August 2022 | Single Family
Number of new properties listed for sale during the month

MILPITAS (CITY), CA
AVERAGE SALES PRICE
August 2022 | Single Family
Average price for sold properties (6-Month Moving Average)
AVERAGE SALES/LIST PRICE
August 2022 | Single Family
Average list price compared to average sold price of properties sold each month (6-Month Moving Average)

MILPITAS (CITY), CA
AVERAGE ASKING/SOLD/UNSOLD PRICE
August 2022 | Single Family
Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price
PROPERTIES FOR SALE
August 2022 | Single Family
Number of properties currently listed for sale by price range

MILPITAS (CITY), CA
AVERAGE SALES PRICE PER SQFT
August 2022 | Single Family
Average Sales Price per SqFt for previous two years
MONTHS SUPPLY OF INVENTORY
August 2022 | Single Family
Properties for sale divided by number of properties sold

MILPITAS (CITY), CA
AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET
August 2022 | Single Family
Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.
MONTHS SUPPLY OF INVENTORY
August 2022 | Single Family
Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

The statistics presented in the Market Report are compiled based on figures and data generated by IDC Global and Datafloat for the benefit of Intero Real Estate. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Data maintained by the MLSs may not reflect all real estate activity in the market. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright ©2022 Intero Real Estate.
Information not verified or guaranteed. If your home is currently listed with a Broker, this is not intended as a solicitation.