RE/MAX Accord's Market Report

Alamo, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Alamo, CA

Thu Sep 16 2021
This week the median list price for Alamo, CA is $3,495,000 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has decreased to 21. Click here to stay informed with the Alamo market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Alamo, CA

Thu Sep 16 2021
This week the median list price for Alamo, CA is $3,495,000 with the market action index hovering around 62. This is about the same as last month's market action index of 62. Inventory has decreased to 21. Click here to stay informed with the Alamo market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Alamo market.
Median List Price $3,495,000
Median Price of New Listings $2,138,000
Per Square Foot $713
Average Days on Market 88
Median Days on Market 42
Price Decreased 29%
Price Increased 0%
Relisted 0%
Inventory 21
Median Rent $6,500
Market Action 62
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$5,599,000 11,447 1 - 2.5 acres 6 8 16 1 0 147
$3,950,000 5,346 1 - 2.5 acres 5 5 22 0 0 35
$2,975,000 4,563 0.5 - 1 acre 5 5 37 0 1 49
$2,037,750 2,826 0.5 - 1 acre 4 3 52 2 2 24