Mary Pope-Handy's Market Report

San Martin, CA

Single-Family Homes

Christie's International Real Estate Sereno | 408 204-7673 | ValleyOfHeartsDelight.com/blog



San Martin, CA

Thu Mar 28 2024
This week the median list price for San Martin, CA is $1,714,975 with the market action index hovering around 32. This is less than last month's market action index of 42. Inventory has increased to 8. Click here to stay informed with the San Martin market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

San Martin, CA

Thu Mar 28 2024
This week the median list price for San Martin, CA is $1,714,975 with the market action index hovering around 32. This is less than last month's market action index of 42. Inventory has increased to 8. Click here to stay informed with the San Martin market!

Market Action Index

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

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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

Never miss important changes in the San Martin market.
Median List Price $1,714,975
Median Price of New Listings $1,537,475
Per Square Foot $991
Average Days on Market 52
Median Days on Market 39
Price Decreased 13%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent
Market Action 32
Slight Seller's Advantage

Despite this week’s down 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
$3,898,999 5,935 5 - 10 acres 4 5 29 0 0 63
$2,350,000 1,054 5 - 10 acres 2 1.5 54 0 0 115
$1,639,475 1,630 1 - 2.5 acres 3 2 53 1 0 3
$1,197,000 1,297 2.5 - 5 acres 3 2.5 83 1 0 24