RE/MAX Accord's Market Report

Piedmont, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Piedmont, CA

Sun Jul 21 2019
This week the median list price for Piedmont, CA is $2,860,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has held steady at or around 10. Click here to stay informed with the Piedmont market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Piedmont, CA

Sun Jul 21 2019
This week the median list price for Piedmont, CA is $2,860,000 with the market action index hovering around 53. This is less than last month's market action index of 59. Inventory has held steady at or around 10. Click here to stay informed with the Piedmont market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Piedmont market.
Median List Price $2,860,000
Per Square Foot $774
Days on Market 44
Price Decreased 30%
Price Increased 10%
Relisted 20%
Inventory 10
Median House Rent $3,823
Most Expensive $6,680,000
Least Expensive $1,490,000
Market Action Index
Strong Seller's Market
53

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$5,434,000 5,857 0.5 - 1 acre 6 3 89 0 0 31
$3,100,000 3,551 6,500 - 8,000 sqft 4 2 94 0 1 35
$2,825,000 3,462 4,500 - 6,500 sqft 5 3 92 0 1 49
$1,500,000 2,633 6,500 - 8,000 sqft 3 2 70 0 0 56