Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

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



Monte Sereno, CA

Thu Mar 30 2023
This week the median list price for Monte Sereno, CA is $5,397,500 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 6. 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 started cooling and prices have recently plateaued. Since 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.

Monte Sereno, CA

Thu Mar 30 2023
This week the median list price for Monte Sereno, CA is $5,397,500 with the market action index hovering around 41. This is less than last month's market action index of 44. Inventory has increased to 6. 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 started cooling and prices have recently plateaued. Since 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 Monte Sereno market.
Median List Price $5,397,500
Median Price of New Listings $4,295,000
Per Square Foot $1,368
Average Days on Market 91
Median Days on Market 53
Price Decreased 33%
Price Increased 17%
Relisted 33%
Inventory 6
Median Rent
Market Action 41
Slight Seller's Advantage

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$10,200,000 10,500 1 - 2.5 acres 6 9 19 0 0 343
$6,625,000 5,104 0.25 - 0.5 acre 4 6 8 0 0 14
$5,397,500 4,353 0.5 - 1 acre 5 4.3 41 1 1 35
$3,499,499 2,101 1 - 2.5 acres 3 2 64 0 1 59