RE/MAX Accord's Market Report

Hercules, CA

Single-Family Homes

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Hercules, CA

Tue Jul 16 2024
This week the median list price for Hercules, CA is $799,888 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has decreased to 9. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Hercules, CA

Tue Jul 16 2024
This week the median list price for Hercules, CA is $799,888 with the market action index hovering around 56. This is an increase over last month's market action index of 55. Inventory has decreased to 9. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Hercules market.
Median List Price $799,888
Median Price of New Listings $1,050,000
Per Square Foot $453
Average Days on Market 93
Median Days on Market 56
Price Decreased 33%
Price Increased 11%
Relisted 22%
Inventory 9
Median Rent
Market Action 56
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,174,500 3,227 4,500 - 6,500 sqft 4 3.5 15 1 2 17
$834,499 1,750 0 - 4,500 sqft 3 3 29 0 1 42
$799,444 1,792 0 - 4,500 sqft 3 3.3 9 0 1 45
$779,000 1,581 4,500 - 6,500 sqft 3 3 39 0 1 259