Mary Pope-Handy's Market Report

Monte Sereno, CA

Single-Family Homes

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


Monte Sereno, CA

Tue Jun 06 2023
This week the median list price for Monte Sereno, CA is $3,997,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Monte Sereno, CA

Tue Jun 06 2023
This week the median list price for Monte Sereno, CA is $3,997,000 with the market action index hovering around 40. This is an increase over last month's market action index of 37. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Monte Sereno market.
Median List Price $3,997,000
Median Price of New Listings $3,549,000
Per Square Foot $1,363
Average Days on Market 116
Median Days on Market 53
Price Decreased 33%
Price Increased 0%
Relisted 17%
Inventory 6
Median Rent
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. 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
$10,200,000 10,500 1 - 2.5 acres 6 9 19 0 0 413
$4,399,999 5,744 1 - 2.5 acres 5 4.5 32 0 0 63
$3,997,000 2,249 1 - 2.5 acres 3 2.8 64 0 0 87
$3,274,500 2,478 0.5 - 1 acre 4 3 87 1 1 21