RE/MAX Accord's Market Report
Martinez, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Martinez, CA
Mon Oct 21 2024
This week the median list price for Martinez, CA is $897,000 with the market action index hovering around 53. This is an increase over last month's market action index of 52. Inventory has increased to 54.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $897,000 | |
| Median Price of New Listings | $1,039,444 | |
| Per Square Foot | $523 | |
| Average Days on Market | 52 | |
| Median Days on Market | 14 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 54 | |
| Median Rent | ||
| Market Action | 53 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,980,000 | 3,600 | 0.5 - 1 acre | 4 | 3 | 34 | 5 | 1 | 21 |
| $989,888 | 1,904 | 6,500 - 8,000 sqft | 3 | 2 | 49 | 2 | 3 | 14 |
| $812,000 | 1,657 | 4,500 - 6,500 sqft | 3 | 2 | 46 | 4 | 2 | 14 |
| $581,973 | 1,196 | 4,500 - 6,500 sqft | 2 | 1 | 85 | 1 | 0 | 17 |