Milpitas Housing Market Update - May 2025
Welcome to the May 2025 Milpitas Housing Market Update! Here's a detailed look at the current trends, statistics, and insights that every buyer and seller should know.
Current Market Overview
Milpitas real estate remains active with 103 listings and steady buyer interest, especially for well-priced single-family homes. Median home prices have risen 8% year-over-year to $1.4M, with average days on market under two weeks.
Market Statistics
- Active Listings: 103
- Pending Sales: 35
- Homes Sold in April: 41
Advice for Buyers and Sellers
Recent economic developments, including announcement of new tariffs and stock market volatility, have introduced uncertainty. These factors can influence buyer sentiment and decision-making process, potentially causing hesitation in the short term.
Market Opportunities
- For Buyers: This is an excellent time to enter the market while it remains stable. Motivated buyers are already active, so consider making a move before prices rise further due to upcoming tech expansions.
- For Sellers: Don't wait for the summer rush. Serious buyers are currently out there, and those shopping now are highly motivated.
Conclusion
For buyers, this is a crucial time to enter the market while it remains stable, especially before potential tech expansions drive prices higher. For sellers, it's advisable to act now, as serious buyers are actively looking and motivated.
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