Justin Tye

Sierra Madre, CA

Single-Family Homes

Active Realty I REAL



Sierra Madre, CA

Thu Jun 20 2024
This week the median list price for Sierra Madre, CA is $1,848,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 12. Click here to stay informed with the Sierra Madre market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sierra Madre, CA

Thu Jun 20 2024
This week the median list price for Sierra Madre, CA is $1,848,000 with the market action index hovering around 48. This is about the same as last month's market action index of 48. Inventory has decreased to 12. Click here to stay informed with the Sierra Madre market!

Market Action Index

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sierra Madre market.
Median List Price $1,848,000
Median Price of New Listings $1,898,000
Per Square Foot $718
Average Days on Market 69
Median Days on Market 42
Price Decreased 58%
Price Increased 0%
Relisted 0%
Inventory 12
Median Rent
Market Action 48
Strong Seller's Market

Despite this week’s up 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
$2,399,000 4,058 0.25 - 0.5 acre 4 4 30 1 0 140
$1,998,000 2,856 8,000 - 10,000 sqft 4 4 77 1 0 28
$1,750,000 2,302 0.25 - 0.5 acre 4 2 73 0 1 56
$1,298,000 1,843 4,500 - 6,500 sqft 3 3 85 1 2 28