Your Real Estate Market Update
Alameda, CA 94501
Single-Family Homes
The Most Powerful Market Insights from Arcus Homes
Alameda, CA 94501
Thu Nov 21 2024
This week the median list price for Alameda, CA 94501 is $1,147,000 with the market action index hovering around 60. This is less than last month's market action index of 68. Inventory has decreased to 20.
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 been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $1,147,000 | |
| Median Price of New Listings | $1,397,000 | |
| Per Square Foot | $692 | |
| Average Days on Market | 177 | |
| Median Days on Market | 28 | |
| Price Decreased | 15% | |
| Price Increased | 5% | |
| Relisted | 15% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 60 | |
| Strong Seller's Market | ||
We continue to see prices in this zip code settled at a plateau. This week prices bumped down a bit but not significantly enough to change the overall outlook. Look for a persistent change (up or down) in the Market Action Index before we see prices significantly deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,625,000 | 3,269 | 6,500 - 8,000 sqft | 5 | 3 | 85 | 1 | 1 | 175 |
| $1,300,000 | 1,903 | 4,500 - 6,500 sqft | 4 | 2 | 94 | 0 | 1 | 42 |
| $995,000 | 1,516 | 0 - 4,500 sqft | 3 | 2 | 129 | 0 | 0 | 14 |
| $849,000 | 1,109 | 0 - 4,500 sqft | 2 | 1 | 114 | 1 | 0 | 21 |