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March 2024 Real Estate Report
81 Total
Homes For Sale
Homes For Sale
53 Homes
Added to the Market
Added to the Market
30 Homes
Sold
Sold
Compared to Previous Month
41%
More Homes For Sale
43%
More Homes Sold
Last month in March, housing in Milpitas, CA ended with 53 homes being added to the market for sale, for a cumulative monthly total of 81 homes for sale - up 41% compared to February. Milpitas, CA had a total of 30 homes sold for the month - up 43% from the month prior.
Attached led the way in homes sold with a total of 16 - up 38%, while detached totaled 14 in closed sales - up 50% from the month of February. The number of detached properties sold under 1500 square feet totaled 7 for the month of March, while homes from 1500 to 2000 square feet recorded 5 sales and homes sized from 2000 to 2500 square feet had 2 sales. The following ranges for detached homes all had no sales: 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
The number of attached homes sold under 1500 square feet numbered 8 and attached homes in the square feet range of 1500 to 2000 recorded 8 sales. The following ranges for attached homes all had no sales: 2000 to 2500, 2500 to 3000, 3000 to 3500, 3500 to 4000, 4000 to 4500, 4500 to 5000, over 5500.
When are the most homes sold in Milpitas, CA?
June:
37 Homes Sold
The last 12 month period for the city of Milpitas, CA shows that the greatest number of homes were sold during the months of June 2023, October 2023 and March 2024. The months of June 2023, October 2023 and March 2024 had 37 - 29 and 30 homes sold, respectively, as compared to an average of 22 for the other months of the year.
When do homes sell the fastest in Milpitas, CA?
February:
9 Days On Market
The last 12 month period for the city of Milpitas, CA shows that homes sold the fastest during the months of June 2023, July 2023 and February 2024. The months of June 2023, July 2023 and February 2024 had 13 - 10 and 9 days on market, respectively, as compared to an average of 19 for the other months of the year.
Average Price Of Homes Sold In Milpitas, CA
By Size Category
Average Sold Price
Average Price Per Square Foot
Average Price Of Homes Sold In Milpitas, CA
By Year
Average Sold Price
Average Price Per Square Foot
| Number of homes sold in Milpitas, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 16 | 17 | 30 | - | - | - | - | - | - | - | - | - | 63 |
| 2023 | 11 | 20 | 29 | 25 | 27 | 37 | 27 | 26 | 27 | 29 | 16 | 14 | 288 |
| 2022 | 16 | 36 | 60 | 64 | 50 | 42 | 28 | 28 | 32 | 23 | 29 | 15 | 423 |
| 2021 | 32 | 23 | 36 | 48 | 63 | 41 | 52 | 50 | 60 | 47 | 37 | 32 | 521 |
| 2020 | 10 | 32 | 25 | 18 | 10 | 34 | 31 | 32 | 39 | 37 | 25 | 32 | 325 |
| 2019 | 24 | 20 | 30 | 24 | 43 | 29 | 37 | 41 | 19 | 32 | 26 | 16 | 341 |
| 2018 | 14 | 25 | 21 | 46 | 32 | 31 | 40 | 44 | 47 | 42 | 32 | 28 | 402 |
| 2017 | 14 | 18 | 27 | 24 | 42 | 51 | 42 | 35 | 32 | 34 | 26 | 25 | 370 |
| Average Days On Market (DOM) In Milpitas, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 19 | 9 | 19 | - | - | - | - | - | - | - | - | - | 16 |
| 2023 | 19 | 51 | 21 | 18 | 15 | 13 | 10 | 19 | 16 | 23 | 20 | 20 | 20 |
| 2022 | 24 | 10 | 11 | 9 | 9 | 9 | 13 | 19 | 25 | 23 | 26 | 18 | 16 |
| 2021 | 26 | 15 | 13 | 10 | 14 | 10 | 14 | 17 | 15 | 13 | 19 | 14 | 15 |
| 2020 | 60 | 25 | 14 | 15 | 26 | 25 | 42 | 16 | 20 | 22 | 11 | 14 | 24 |
| 2019 | 34 | 30 | 24 | 27 | 28 | 18 | 19 | 30 | 31 | 35 | 35 | 24 | 28 |
| 2018 | 14 | 10 | 8 | 9 | 11 | 14 | 20 | 18 | 21 | 24 | 21 | 30 | 17 |
| 2017 | 23 | 20 | 17 | 28 | 19 | 15 | 20 | 16 | 13 | 13 | 10 | 14 | 17 |
| Average Days From List To Close Of Escrow In Milpitas, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
| 2024 | 49 | 32 | 55 | - | - | - | - | - | - | - | - | - | 45 |
| 2023 | 45 | 78 | 45 | 45 | 42 | 53 | 37 | 46 | 45 | 50 | 39 | 47 | 48 |
| 2022 | 57 | 38 | 37 | 35 | 34 | 39 | 45 | 46 | 54 | 56 | 54 | 42 | 45 |
| 2021 | 62 | 45 | 46 | 40 | 44 | 41 | 45 | 52 | 44 | 40 | 49 | 43 | 46 |
| 2020 | 97 | 74 | 44 | 44 | 84 | 53 | 79 | 47 | 50 | 51 | 39 | 48 | 59 |
| 2019 | 64 | 54 | 56 | 54 | 57 | 47 | 54 | 60 | 61 | 63 | 64 | 54 | 57 |
| 2018 | 44 | 36 | 34 | 34 | 38 | 42 | 47 | 44 | 53 | 49 | 55 | 66 | 45 |
| 2017 | 77 | 57 | 45 | 53 | 47 | 44 | 48 | 58 | 41 | 41 | 38 | 71 | 52 |
| Number of homes added to the market in Milpitas, CA | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| 2024 | 25 | 33 | 53 | - | - | - | - | - | - | - | - | - | 111 |
| 2023 | 18 | 25 | 33 | 29 | 42 | 38 | 23 | 35 | 29 | 19 | 16 | 10 | 317 |
| 2022 | 44 | 50 | 63 | 68 | 41 | 35 | 34 | 27 | 24 | 20 | 20 | 10 | 436 |
| 2021 | 27 | 37 | 62 | 54 | 46 | 49 | 59 | 48 | 48 | 36 | 19 | 17 | 502 |
| 2020 | 20 | 23 | 24 | 19 | 30 | 30 | 39 | 33 | 35 | 32 | 26 | 23 | 334 |
| 2019 | 32 | 24 | 30 | 41 | 40 | 37 | 29 | 32 | 21 | 28 | 12 | 5 | 331 |
| 2018 | 24 | 24 | 42 | 42 | 48 | 39 | 45 | 47 | 40 | 36 | 26 | 11 | 424 |
| 2017 | 22 | 23 | 28 | 49 | 45 | 36 | 40 | 26 | 33 | 27 | 18 | 14 | 361 |