Your Local Market Report

Redlands, CA 92373

Single-Family Homes

Berkshire Hathaway HomeServices California Realty | http://www.bhhscarealtymv.com/



Redlands, CA 92373

Fri Dec 14 2018
This week the median list price for Redlands, CA 92373 is $626,940 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 92. Click here to stay informed with the Redlands market!

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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.

Redlands, CA 92373

Fri Dec 14 2018
This week the median list price for Redlands, CA 92373 is $626,940 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has held steady at or around 92. Click here to stay informed with the Redlands market!

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

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. 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 Redlands market.
Median List Price $626,940
Per Square Foot $262
Days on Market 150
Price Decreased 45%
Price Increased 0%
Relisted 13%
Inventory 92
Median House Rent $2,398
Most Expensive $4,200,000
Least Expensive $279,000
Market Action Index
Slight Seller's Advantage
35

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,295,000 4,790 1 - 2.5 acres 5 4 36 0 2 322
$789,950 3,147 0.5 - 1 acre 4 3 32 0 1 132
$559,000 2,271 0.25 - 0.5 acre 4 2 54 1 2 85
$429,900 1,612 8,000 - 10,000 sqft 3 2 61 4 3 61