Real Estate Market Update for Milpitas, CA
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 78% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just over 720-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 35%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just over 900-thousand dollars. The number of units sold increased 200% year-over-year, and increased more than 300% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Milpitas, CA
Area Information for Milpitas, CA
  • Population: 74,926
  • Median Age: 37.74 yr
  • Median Commute Time: 24 mins
  • Educational Climate*: 4
  • Sales Tax: 8%
  • Population Density: 5,511/sq mi
  • Population Change Since 2000: 20.32%
  • Closest Airport: Norman Y Mineta San Jose International
  • Closest College: Northwestern Polytechnic University
  • Closest Jr. College: Heald College-san Jose
  • Median Household Income: $98,651
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $708,000
  • Closest Major Sports Team: San Francisco 49ers
  • Change Avg. Household Income Since 2000: 17.57%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Milpitas, CA
Median Age: 37.74 Married: 43% Number of Households: 21,753 Households with Children: 8,744
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Milpitas, CA

      School Name Distance Type Grades School Rating Parent Rating
      William Burnett Elementary School 0.2 mi Public PRESCHOOL-6 4 0
      Calaveras Hills School 0.2 mi Public 11-12 1 0
      Milpitas Adult 0.2 mi Public UNGRADE-UNGRADE 0 0
      Calaveras Montessori School 0.2 mi Private PRESCHOOL-K 0 0
      Monarch Christian Schools 0.4 mi Private PRESCHOOL-K 0 0
      Alexander Rose Elementary School 0.5 mi Public K-6 4 0
      Day Star Montessori School Inc 0.5 mi Private PRESCHOOL-K 0 0
      Robert Randall Elementary School 0.6 mi Public PRESCHOOL-6 2 0
      Merryhill School 1070 0.7 mi Private PRESCHOOL-8 0 0
      Milpitas Montessori School 0.7 mi Private PRESCHOOL-2 0 0
      Lamb-o Academy 0.8 mi Private 4-7 0 0
      Kindercare 0.8 mi Private PRESCHOOL-K 0 0
      Milpitas High School 1.2 mi Public 9-12 4 3
      Rancho Milpitas Middle School 1.3 mi Public 7-8 4 0
      John Sinnott Elementary School 1.3 mi Public K-6 5 0
      Thomas Russell Middle School 1.5 mi Public 7-8 4 0
      Milpitas Foothill Seventh-day School 1.5 mi Private K-8 0 0
      Marshall Pomeroy Elementary School 1.6 mi Public PRESCHOOL-6 4 2
      St. John The Baptist Catholic School 1.6 mi Catholic PRESCHOOL-8 0 0
      Kindercare 1.7 mi Private PRESCHOOL-K 0 0
      Curtner Elementary School 1.7 mi Public PRESCHOOL-6 5 0
      Plantation Christian 1.7 mi Private 1-12 0 0
      Joseph Weller Elementary School 1.8 mi Public PRESCHOOL-6 4 0
      Anthony Spangler Elementary School 1.9 mi Public PRESCHOOL-6 4 0
      Golden Harvest Montessori School 2.1 mi Private PRESCHOOL-1 0 0
      Pearl Zanker Elementary School 2.5 mi Public K-6 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Milpitas, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.