Fri Apr 23 2021
This week the median list price for Lafayette, CA is $2,495,000 with the market action index hovering around 79. This is an increase over last month's market action index of 68. Inventory has held steady at or around 27.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,495,000|
|Per Square Foot||$724|
|Days on Market||21|
|Strong Seller's Market|
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$9,950,000||8,512||2.5 - 5 acres||5||7||27||0||0||122|
|$3,465,000||4,667||0.5 - 1 acre||5||5||29||2||1||21|
|$2,195,000||3,226||0.5 - 1 acre||5||4||63||2||1||14|
|$1,548,000||2,113||0.25 - 0.5 acre||3||3||68||4||2||0|