Justin Tye
Mountain Center, CA
Single-Family Homes
Active Realty I REAL
Mountain Center, CA
Sun Sep 15 2024
This week the median list price for Mountain Center, CA is $925,000 with the market action index hovering around 25. This is less than last month's market action index of 27. Inventory has increased to 25.
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 been cooling in recent weeks. Since this is a Buyer’s market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $925,000 | |
| Median Price of New Listings | $1,600,000 | |
| Per Square Foot | $418 | |
| Average Days on Market | 137 | |
| Median Days on Market | 91 | |
| Price Decreased | 24% | |
| Price Increased | 4% | |
| Relisted | 16% | |
| Inventory | 25 | |
| Median Rent | ||
| Market Action | 25 | |
| 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 level. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,397,500 | 4,579 | 5 - 10 acres | 4 | 3 | 34 | 0 | 0 | 154 |
| $1,525,000 | 3,137 | 2.5 - 5 acres | 3 | 2.5 | 27 | 1 | 0 | 59 |
| $807,500 | 2,296 | 5 - 10 acres | 3 | 2.5 | 38 | 0 | 0 | 115 |
| $385,000 | 984 | 1 - 2.5 acres | 1 | 1 | 45 | 0 | 1 | 42 |