Justin Tye

El Cajon, CA

Single-Family Homes

Active Realty I REAL



El Cajon, CA

Thu Jun 20 2024
This week the median list price for El Cajon, CA is $1,084,450 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has held steady at or around 80. Click here to stay informed with the El Cajon 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

El Cajon, CA

Thu Jun 20 2024
This week the median list price for El Cajon, CA is $1,084,450 with the market action index hovering around 73. This is an increase over last month's market action index of 72. Inventory has held steady at or around 80. Click here to stay informed with the El Cajon 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 El Cajon market.
Median List Price $1,084,450
Median Price of New Listings $879,000
Per Square Foot $533
Average Days on Market 36
Median Days on Market 21
Price Decreased 39%
Price Increased 0%
Relisted 10%
Inventory 80
Median Rent
Market Action 73
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
$1,685,000 3,464 1 - 2.5 acres 4 3.5 34 4 3 17
$1,232,500 2,488 0.5 - 1 acre 4 3 44 4 3 28
$942,000 1,844 8,000 - 10,000 sqft 3 2.5 46 4 8 21
$742,500 1,321 8,000 - 10,000 sqft 3 2 64 9 9 7