RE/MAX Accord's Market Report
Pittsburg, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Pittsburg, CA
Sat Dec 15 2018
This week the median list price for Pittsburg, CA is $461,944 with the market action index hovering around 50. This is an increase over last month's market action index of 47. Inventory has held steady at or around 66.
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
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $461,944 | |
| Per Square Foot | $279 | |
| Days on Market | 47 | |
| Price Decreased | 41% | |
| Price Increased | 6% | |
| Relisted | 20% | |
| Inventory | 66 | |
| Median House Rent | ||
| Most Expensive | $760,000 | |
| Least Expensive | $139,900 | |
|
Market Action Index
Strong Seller's Market |
50 |
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $627,000 | 2,490 | 4,500 - 6,500 sqft | 5 | 3 | 12 | 1 | 5 | 49 |
| $485,000 | 1,646 | 4,500 - 6,500 sqft | 3 | 2 | 31 | 4 | 3 | 42 |
| $444,900 | 1,420 | 4,500 - 6,500 sqft | 3 | 2 | 41 | 2 | 5 | 51 |
| $339,500 | 1,278 | 4,500 - 6,500 sqft | 3 | 2 | 70 | 0 | 4 | 47 |