Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



Monte Sereno, CA

Thu Mar 28 2024
This week the median list price for Monte Sereno, CA is $5,298,000 with the market action index hovering around 39. This is an increase over last month's market action index of 35. Inventory has increased to 7. 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’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Monte Sereno, CA

Thu Mar 28 2024
This week the median list price for Monte Sereno, CA is $5,298,000 with the market action index hovering around 39. This is an increase over last month's market action index of 35. Inventory has increased to 7. 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’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $5,298,000
Median Price of New Listings $3,898,000
Per Square Foot $1,477
Average Days on Market 193
Median Days on Market 182
Price Decreased 14%
Price Increased 0%
Relisted 43%
Inventory 7
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

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
$11,980,000 5,240 1 - 2.5 acres 6 6.5 7 0 0 35
$7,743,000 8,280 1 - 2.5 acres 6 5.8 27 0 0 444
$5,146,500 3,347 0.25 - 0.5 acre 4 4 33 0 0 105
$4,299,000 2,835 0.25 - 0.5 acre 4 3.3 37 1 0 108