Sun Dec 03 2023
This week the median list price for Hillsborough, CA is $8,094,000 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has decreased to 28.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$8,094,000|
|Median Price of New Listings||$0|
|Per Square Foot||$1,389|
|Average Days on Market||165|
|Median Days on Market||151|
|Slight Seller's Advantage|
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$28,000,000||11,875||1 - 2.5 acres||6||8.5||84||0||0||154|
|$9,800,000||7,065||1 - 2.5 acres||6||6.5||37||0||0||77|
|$6,250,000||4,340||0.5 - 1 acre||5||4.5||75||0||0||161|
|$4,199,999||3,600||0.5 - 1 acre||5||3.5||51||0||1||133|