Single-Family Homes
Thu Mar 30 2023
This week the median list price for Alamo, CA 94507 is $3,924,900 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has increased to 22.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Median List Price | $3,924,900 | |
Median Price of New Listings | $2,437,450 | |
Per Square Foot | $799 | |
Average Days on Market | 52 | |
Median Days on Market | 14 | |
Price Decreased | 27% | |
Price Increased | 0% | |
Relisted | 14% | |
Inventory | 22 | |
Median Rent | ||
Market Action | 46 | |
Strong Seller's Market |
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$6,865,000 | 7,950 | 1 - 2.5 acres | 6 | 7 | 29 | 1 | 0 | 147 |
$4,699,900 | 5,296 | 0.5 - 1 acre | 4 | 5 | 31 | 1 | 0 | 14 |
$3,274,000 | 4,890 | 0.5 - 1 acre | 5 | 5 | 30 | 1 | 2 | 31 |
$2,185,000 | 2,754 | 0.5 - 1 acre | 3 | 3.5 | 58 | 5 | 0 | 0 |