Justin Tye

Mentone, CA

Single-Family Homes

Active Realty I REAL



Mentone, CA

Thu Jun 20 2024
This week the median list price for Mentone, CA is $707,450 with the market action index hovering around 54. This is less than last month's market action index of 60. Inventory has held steady at or around 10. Click here to stay informed with the Mentone market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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.

Mentone, CA

Thu Jun 20 2024
This week the median list price for Mentone, CA is $707,450 with the market action index hovering around 54. This is less than last month's market action index of 60. Inventory has held steady at or around 10. Click here to stay informed with the Mentone market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. 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 Mentone market.
Median List Price $707,450
Median Price of New Listings $594,900
Per Square Foot $317
Average Days on Market 73
Median Days on Market 60
Price Decreased 30%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 54
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of 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
$1,594,444 3,932 2.5 - 5 acres 5 4 47 1 0 80
$754,950 2,743 0.25 - 0.5 acre 3 3 10 0 1 77
$689,900 1,887 4,500 - 6,500 sqft 4 2.5 29 1 0 7
$489,900 1,284 6,500 - 8,000 sqft 3 2 69 1 2 140