RE/MAX Accord's Market Report

Martinez, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Martinez, CA

Sat Jul 20 2024
This week the median list price for Martinez, CA is $799,250 with the market action index hovering around 61. This is less than last month's market action index of 70. Inventory has increased to 50. Click here to stay informed with the Martinez 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.

Martinez, CA

Sat Jul 20 2024
This week the median list price for Martinez, CA is $799,250 with the market action index hovering around 61. This is less than last month's market action index of 70. Inventory has increased to 50. Click here to stay informed with the Martinez 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 Martinez market.
Median List Price $799,250
Median Price of New Listings $925,000
Per Square Foot $524
Average Days on Market 46
Median Days on Market 21
Price Decreased 42%
Price Increased 0%
Relisted 6%
Inventory 50
Median Rent
Market Action 61
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
$1,148,999 2,226 0.25 - 0.5 acre 4 3 42 2 1 24
$849,495 1,840 4,500 - 6,500 sqft 3 3 43 2 2 21
$750,000 1,332 4,500 - 6,500 sqft 3 2 58 0 0 28
$649,000 1,275 4,500 - 6,500 sqft 3 2 75 1 3 21