RE/MAX Accord's Market Report
Lafayette, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Lafayette, CA
Sun Oct 25 2020
This week the median list price for Lafayette, CA is $2,250,000 with the market action index hovering around 61. This is about the same as last month's market action index of 61. Inventory has held steady at or around 51.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Real-Time Market Profile
| Median List Price | $2,250,000 | |
| Per Square Foot | $709 | |
| Days on Market | 56 | |
| Price Decreased | 29% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 51 | |
| Median Rent | $5,848 | |
| Most Expensive | $25,000,000 | |
| Least Expensive | $1,100,000 | |
| Market Action | 61 | |
| Strong Seller's Market | ||
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $4,147,500 | 5,141 | 2.5 - 5 acres | 5 | 6 | 19 | 1 | 2 | 100 |
| $2,500,000 | 4,000 | 1 - 2.5 acres | 5 | 4 | 37 | 1 | 2 | 60 |
| $1,998,000 | 3,145 | 0.5 - 1 acre | 4 | 3 | 56 | 1 | 6 | 30 |
| $1,395,000 | 1,968 | 0.25 - 0.5 acre | 3 | 2 | 63 | 1 | 5 | 33 |