RE/MAX Accord's Market Report
Lafayette, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Lafayette, CA
Market Action Index
The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.
| Today |
| Last Month |
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
| Median List Price | $1,999,000 | |
| Per Square Foot | $589 | |
| Days on Market | 172 | |
| Price Decreased | 44% | |
| Price Increased | 4% | |
| Relisted | 16% | |
| Inventory | 25 | |
| Median House Rent | $4,000 | |
| Most Expensive | $6,595,000 | |
| Least Expensive | $999,888 | |
|
Market Action Index
Strong Seller's Market |
51 |
The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,495,000 | 4,952 | 0.5 - 1 acre | 5 | 5 | 10 | 1 | 1 | 126 |
| $2,337,500 | 3,505 | 0.5 - 1 acre | 5 | 4 | 23 | 0 | 0 | 77 |
| $1,982,500 | 4,442 | 0.5 - 1 acre | 4 | 4 | 29 | 0 | 2 | 92 |
| $1,495,000 | 3,354 | 0.5 - 1 acre | 4 | 3 | 50 | 1 | 3 | 364 |