RE/MAX Accord's Market Report

Hercules, CA

Single-Family Homes

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Hercules, CA

Thu Sep 21 2023
This week the median list price for Hercules, CA is $899,499 with the market action index hovering around 50. This is less than last month's market action index of 58. Inventory has increased to 16. Click here to stay informed with the Hercules market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Hercules, CA

Thu Sep 21 2023
This week the median list price for Hercules, CA is $899,499 with the market action index hovering around 50. This is less than last month's market action index of 58. Inventory has increased to 16. Click here to stay informed with the Hercules market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Hercules market.
Median List Price $899,499
Median Price of New Listings $849,975
Per Square Foot $472
Average Days on Market 26
Median Days on Market 14
Price Decreased 19%
Price Increased 13%
Relisted 13%
Inventory 16
Median Rent
Market Action 50
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,237,499 3,096 6,500 - 8,000 sqft 5 4.5 20 0 0 10
$924,999 1,936 8,000 - 10,000 sqft 4 3 38 1 0 7
$873,444 1,944 4,500 - 6,500 sqft 4 2.5 42 0 1 31
$789,919 1,564 6,500 - 8,000 sqft 3 2.5 38 1 0 14