Justin Tye

Descanso, CA

Single-Family Homes

Active Realty I REAL



Descanso, CA

Thu Jun 20 2024
This week the median list price for Descanso, CA is $939,900 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 10. Click here to stay informed with the Descanso market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Descanso, CA

Thu Jun 20 2024
This week the median list price for Descanso, CA is $939,900 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has increased to 10. Click here to stay informed with the Descanso market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Descanso market.
Median List Price $939,900
Median Price of New Listings $0
Per Square Foot $466
Average Days on Market 59
Median Days on Market 32
Price Decreased 20%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 40
Slight Seller'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
$2,499,944 4,529 10 - 20 acres 4 4.8 28 0 0 91
$1,199,950 3,897 2.5 - 5 acres 3 3.5 38 0 0 24
$899,900 2,609 1 - 2.5 acres 3 2.5 19 0 0 35
$615,000 952 0.25 - 0.5 acre 2 2 34 0 1 14