RE/MAX Accord's Market Report

Martinez, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



Martinez, CA

Fri Mar 29 2024
This week the median list price for Martinez, CA is $849,000 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has increased to 27. Click here to stay informed with the Martinez market!

Market Action Index

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

Strong Seller's Market

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.

Martinez, CA

Fri Mar 29 2024
This week the median list price for Martinez, CA is $849,000 with the market action index hovering around 70. This is less than last month's market action index of 75. Inventory has increased to 27. Click here to stay informed with the Martinez market!

Market Action Index

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

Strong Seller's Market

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 Martinez market.
Median List Price $849,000
Median Price of New Listings $819,473
Per Square Foot $528
Average Days on Market 54
Median Days on Market 7
Price Decreased 15%
Price Increased 0%
Relisted 4%
Inventory 27
Median Rent
Market Action 70
Strong Seller's Market

The value placed on homes seems to be trending up, despite the fact that prices in general have remained basically flat. These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

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
$1,196,500 2,868 8,000 - 10,000 sqft 5 4 42 1 0 108
$899,000 1,655 6,500 - 8,000 sqft 3 3 36 4 0 0
$779,000 1,466 6,500 - 8,000 sqft 3 2 45 4 1 0
$599,000 1,025 4,500 - 6,500 sqft 3 2 83 3 1 7