RE/MAX Accord's Market Report

El Sobrante, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



El Sobrante, CA

Thu Feb 29 2024
This week the median list price for El Sobrante, CA is $674,500 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has held steady at or around 12. Click here to stay informed with the El Sobrante market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

El Sobrante, CA

Thu Feb 29 2024
This week the median list price for El Sobrante, CA is $674,500 with the market action index hovering around 57. This is an increase over last month's market action index of 52. Inventory has held steady at or around 12. Click here to stay informed with the El Sobrante market!

Market Action Index

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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the El Sobrante market.
Median List Price $674,500
Median Price of New Listings $619,000
Per Square Foot $520
Average Days on Market 76
Median Days on Market 60
Price Decreased 42%
Price Increased 0%
Relisted 17%
Inventory 12
Median Rent
Market Action 57
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,295,000 2,194 0.25 - 0.5 acre 3 2 52 0 0 175
$699,000 1,295 6,500 - 8,000 sqft 4 3 63 2 1 0
$649,999 1,487 6,500 - 8,000 sqft 4 1 84 1 1 70
$440,000 657 0.25 - 0.5 acre 1 1 81 1 0 77