Chris Iverson's Market Report
Woodside, CA
Single-Family Homes
Market data for your neighborhood, updated weekly.
Woodside, CA
Sat Nov 23 2024
This week the median list price for Woodside, CA is $3,875,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $3,875,000 | |
| Median Price of New Listings | $1,850,000 | |
| Per Square Foot | $1,241 | |
| Average Days on Market | 195 | |
| Median Days on Market | 140 | |
| Price Decreased | 48% | |
| Price Increased | 0% | |
| Relisted | 16% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. The Market Action Index is a good leading indicator for the durability of this trend.
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 |
|---|---|---|---|---|---|---|---|---|
| $18,500,000 | 7,500 | 2.5 - 5 acres | 5 | 5.5 | 32 | 0 | 0 | 182 |
| $5,997,000 | 4,808 | 2.5 - 5 acres | 5 | 4.8 | 36 | 0 | 1 | 220 |
| $3,422,000 | 2,415 | 1 - 2.5 acres | 3 | 3 | 60 | 0 | 1 | 178 |
| $1,699,500 | 2,010 | 0.5 - 1 acre | 3 | 2 | 71 | 1 | 1 | 49 |