Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Monte Sereno, CA

Wed Sep 22 2021
This week the median list price for Monte Sereno, CA is $3,748,000 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has increased to 11. Click here to stay informed with the Monte Sereno 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Monte Sereno, CA

Wed Sep 22 2021
This week the median list price for Monte Sereno, CA is $3,748,000 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has increased to 11. Click here to stay informed with the Monte Sereno 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 a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $3,748,000
Median Price of New Listings $3,425,000
Per Square Foot $1,234
Average Days on Market 120
Median Days on Market 56
Price Decreased 27%
Price Increased 9%
Relisted 9%
Inventory 11
Median Rent $7,975
Market Action 40
Slight Seller's Advantage

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
$11,675,000 8,842 2.5 - 5 acres 5 7 37 1 1 371
$4,949,000 3,748 0.5 - 1 acre 5 6 0 0 0 56
$3,425,000 3,025 8,000 - 10,000 sqft 4 3 44 1 1 105
$2,700,000 2,516 8,000 - 10,000 sqft 4 3 37 1 0 28