Mary Pope-Handy's Market Report
Campbell, CA
Single-Family Homes
Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog
Campbell, CA
Tue Oct 22 2024
This week the median list price for Campbell, CA is $1,958,444 with the market action index hovering around 72. This is an increase over last month's market action index of 68. Inventory has decreased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $1,958,444 | |
| Median Price of New Listings | $1,988,888 | |
| Per Square Foot | $1,116 | |
| Average Days on Market | 49 | |
| Median Days on Market | 39 | |
| Price Decreased | 43% | |
| Price Increased | 14% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 72 | |
| Strong Seller's Market | ||
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,248,000 | 2,848 | 0.25 - 0.5 acre | 5 | 4 | 72 | 1 | 0 | 63 |
| $2,298,000 | 2,168 | 8,000 - 10,000 sqft | 4 | 3 | 69 | 1 | 1 | 63 |
| $1,914,000 | 1,620 | 8,000 - 10,000 sqft | 3 | 2 | 67 | 2 | 3 | 10 |
| $1,678,444 | 1,518 | 4,500 - 6,500 sqft | 3 | 2.5 | 59 | 1 | 2 | 38 |