Steven Sakofsky- SunTrust Homes Market Report
El Cajon, CA 92020
Single-Family Homes
Real Estate Broker & Banker 619-246-5626
El Cajon, CA 92020
Sun Nov 24 2024
This week the median list price for El Cajon, CA 92020 is $1,295,000 with the market action index hovering around 54. This is an increase over last month's market action index of 50. Inventory has decreased to 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $1,295,000 | |
| Median Price of New Listings | $1,038,000 | |
| Per Square Foot | $515 | |
| Average Days on Market | 58 | |
| Median Days on Market | 42 | |
| Price Decreased | 38% | |
| Price Increased | 3% | |
| Relisted | 21% | |
| Inventory | 29 | |
| Median Rent | ||
| Market Action | 54 | |
| Strong Seller's Market | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,699,000 | 3,641 | 0.5 - 1 acre | 4 | 3 | 51 | 1 | 1 | 35 |
| $1,350,000 | 2,381 | 0.25 - 0.5 acre | 4 | 2.5 | 53 | 0 | 1 | 21 |
| $1,175,000 | 2,430 | 0.25 - 0.5 acre | 4 | 3 | 59 | 2 | 1 | 21 |
| $777,500 | 1,291 | 6,500 - 8,000 sqft | 3 | 2 | 67 | 1 | 1 | 80 |