RE/MAX Accord's Market Report
Moraga, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Moraga, CA
Tue Dec 03 2024
This week the median list price for Moraga, CA is $2,389,000 with the market action index hovering around 59. This is about the same as last month's market action index of 59. Inventory has decreased to 5.
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 | $2,389,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $747 | |
| Average Days on Market | 60 | |
| Median Days on Market | 70 | |
| Price Decreased | 60% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 5 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,700,000 | 6,697 | 1 - 2.5 acres | 6 | 5 | 16 | 0 | 1 | 42 |
| $2,395,000 | 3,327 | 6,500 - 8,000 sqft | 4 | 2 | 41 | 0 | 0 | 84 |
| $2,389,000 | 3,197 | 8,000 - 10,000 sqft | 3 | 2 | 7 | 0 | 1 | 70 |
| $1,897,000 | 2,248 | 0.25 - 0.5 acre | 4 | 2 | 61 | 0 | 2 | 52 |