Jason Kardos' "How's the Market?" Report

Spring Valley, CA 91977

Single-Family Homes

jason.kardos@mthelixlifestyles.com | 619-347-6337 | DRE # 01324429



Spring Valley, CA 91977

Tue May 28 2024
This week the median list price for Spring Valley, CA 91977 is $799,900 with the market action index hovering around 64. This is less than last month's market action index of 69. Inventory has increased to 39. Click here to stay informed with the Spring Valley 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.

Spring Valley, CA 91977

Tue May 28 2024
This week the median list price for Spring Valley, CA 91977 is $799,900 with the market action index hovering around 64. This is less than last month's market action index of 69. Inventory has increased to 39. Click here to stay informed with the Spring Valley 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 Spring Valley market.
Median List Price $799,900
Median Price of New Listings $754,500
Per Square Foot $495
Average Days on Market 53
Median Days on Market 21
Price Decreased 33%
Price Increased 8%
Relisted 13%
Inventory 39
Median Rent
Market Action 64
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,100,000 2,462 0.25 - 0.5 acre 4 3 37 1 0 35
$875,000 1,780 8,000 - 10,000 sqft 4 2.5 45 1 4 14
$779,500 1,382 6,500 - 8,000 sqft 3 2 64 2 0 24
$694,999 1,161 4,500 - 6,500 sqft 3 2 54 4 6 31