Gareth Gibson - 800 847 4784
Danville, CA
Single-Family Homes
Gareth Gibson California Real Estate - GGCARE.com - Golden Gate Sotheby's
Danville, CA
Sat Sep 30 2023
This week the median list price for Danville, CA is $2,485,500 with the market action index hovering around 57. This is an increase over last month's market action index of 56. Inventory has decreased to 48.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
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 | $2,485,500 | |
| Median Price of New Listings | $2,410,000 | |
| Per Square Foot | $848 | |
| Average Days on Market | 92 | |
| Median Days on Market | 49 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 15% | |
| Inventory | 48 | |
| Median Rent | ||
| Market Action | 57 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $5,625,000 | 5,822 | 0.5 - 1 acre | 5 | 6 | 5 | 1 | 1 | 91 |
| $3,024,000 | 3,505 | 0.5 - 1 acre | 4 | 4 | 34 | 3 | 3 | 77 |
| $2,148,950 | 2,893 | 0.25 - 0.5 acre | 4 | 3 | 37 | 1 | 2 | 7 |
| $1,672,500 | 2,061 | 6,500 - 8,000 sqft | 4 | 2 | 46 | 3 | 6 | 28 |