Justin Tye

Borrego Springs, CA

Single-Family Homes

Active Realty I REAL



Borrego Springs, CA

Thu Jun 20 2024
This week the median list price for Borrego Springs, CA is $399,500 with the market action index hovering around 36. This is less than last month's market action index of 40. Inventory has decreased to 21. Click here to stay informed with the Borrego Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Borrego Springs, CA

Thu Jun 20 2024
This week the median list price for Borrego Springs, CA is $399,500 with the market action index hovering around 36. This is less than last month's market action index of 40. Inventory has decreased to 21. Click here to stay informed with the Borrego Springs market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Borrego Springs market.
Median List Price $399,500
Median Price of New Listings $417,500
Per Square Foot $251
Average Days on Market 145
Median Days on Market 56
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 21
Median Rent
Market Action 36
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$1,800,000 4,742 0.5 - 1 acre 4 4.5 33 1 0 126
$575,000 2,146 0.25 - 0.5 acre 3 2.5 33 1 0 56
$375,000 1,577 4,500 - 6,500 sqft 3 2 38 1 0 63
$307,499 1,326 6,500 - 8,000 sqft 2 2 36 1 2 42