Thu Dec 01 2022
This week the median list price for Fremont, CA is $1,600,000 with the market action index hovering around 55. This is about the same as last month's market action index of 55. Inventory has decreased to 85.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$1,600,000|
|Median Price of New Listings||$1,369,444|
|Per Square Foot||$920|
|Average Days on Market||68|
|Median Days on Market||42|
|Strong Seller's Market|
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$3,000,000||3,499||0.25 - 0.5 acre||5||4||24||1||2||91|
|$1,888,800||1,975||6,500 - 8,000 sqft||4||3||57||1||6||42|
|$1,488,888||1,642||4,500 - 6,500 sqft||3||2||59||5||5||35|
|$1,057,500||1,162||4,500 - 6,500 sqft||3||2||63||5||6||31|