RE/MAX Accord's Market Report

Castro Valley, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Castro Valley, CA

Sat Dec 15 2018
This week the median list price for Castro Valley, CA is $874,800 with the market action index hovering around 51. This is less than last month's market action index of 57. Inventory has held steady at or around 41. Click here to stay informed with the Castro Valley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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.

Castro Valley, CA

Sat Dec 15 2018
This week the median list price for Castro Valley, CA is $874,800 with the market action index hovering around 51. This is less than last month's market action index of 57. Inventory has held steady at or around 41. Click here to stay informed with the Castro Valley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

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 Castro Valley market.
Median List Price $874,800
Per Square Foot $515
Days on Market 39
Price Decreased 32%
Price Increased 5%
Relisted 20%
Inventory 41
Median House Rent $2,800
Most Expensive $2,500,000
Least Expensive $490,000
Market Action Index
Strong Seller's Market
51

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
$1,299,499 2,856 0.5 - 1 acre 4 3 45 1 1 37
$994,975 2,137 8,000 - 10,000 sqft 4 3 51 2 4 35
$849,975 1,537 6,500 - 8,000 sqft 3 2 65 1 1 35
$688,000 1,392 6,500 - 8,000 sqft 3 2 66 3 2 47