Your Local Market Report

Redlands, CA

Single-Family Homes

Berkshire Hathaway HomeServices California Realty | http://www.bhhscarealtymv.com/



Redlands, CA

Wed Oct 23 2019
This week the median list price for Redlands, CA is $529,900 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 151. Click here to stay informed with the Redlands market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Redlands, CA

Wed Oct 23 2019
This week the median list price for Redlands, CA is $529,900 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 151. Click here to stay informed with the Redlands market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Redlands market.
Median List Price $529,900
Per Square Foot $264
Days on Market 93
Price Decreased 43%
Price Increased 5%
Relisted 13%
Inventory 151
Median House Rent $1,975
Most Expensive $3,869,000
Least Expensive $189,900
Market Action Index
Strong Seller's Market
46

The market appears to be hovering around this plateau. Look for a persistent change 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
$1,105,000 4,052 0.5 - 1 acre 4 3 33 2 2 203
$645,000 2,554 0.25 - 0.5 acre 4 2 35 2 4 69
$452,450 1,789 6,500 - 8,000 sqft 4 2 40 6 6 53
$322,500 1,250 4,500 - 6,500 sqft 3 2 50 9 7 46