Single-Family Homes
Sun Oct 06 2024
This week the median list price for National City, CA is $962,500 with the market action index hovering around 46. This is less than last month's market action index of 51. Inventory has decreased to 12.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Median List Price | $962,500 | |
Median Price of New Listings | $864,500 | |
Per Square Foot | $523 | |
Average Days on Market | 124 | |
Median Days on Market | 60 | |
Price Decreased | 42% | |
Price Increased | 17% | |
Relisted | 50% | |
Inventory | 12 | |
Median Rent | ||
Market Action | 46 | |
Strong Seller's Market |
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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,749,999 | 3,352 | 5 - 10 acres | 5 | 4 | 96 | 0 | 0 | 133 |
$1,080,000 | 1,562 | 0.5 - 1 acre | 4 | 3 | 83 | 1 | 0 | 7 |
$849,999 | 1,694 | 6,500 - 8,000 sqft | 3 | 2 | 64 | 0 | 1 | 56 |
$699,999 | 1,200 | 6,500 - 8,000 sqft | 3 | 2 | 64 | 1 | 2 | 63 |