RE/MAX Accord's Market Report

El Cerrito, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



El Cerrito, CA

Thu Feb 21 2019
This week the median list price for El Cerrito, CA is $796,500 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has held steady at or around 18. Click here to stay informed with the El Cerrito 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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

El Cerrito, CA

Thu Feb 21 2019
This week the median list price for El Cerrito, CA is $796,500 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has held steady at or around 18. Click here to stay informed with the El Cerrito 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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 El Cerrito market.
Median List Price $796,500
Per Square Foot $488
Days on Market 98
Price Decreased 11%
Price Increased 11%
Relisted 22%
Inventory 18
Median House Rent $2,800
Most Expensive $1,188,000
Least Expensive $695,000
Market Action Index
Strong Seller's Market
47

The market seems to have paused around this plateau. 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
$1,036,500 2,595 8,000 - 10,000 sqft 4 3 73 0 2 21
$814,475 1,676 4,500 - 6,500 sqft 3 2 63 1 1 264
$749,000 1,232 4,500 - 6,500 sqft 3 2 70 2 1 53
$699,000 1,125 4,500 - 6,500 sqft 2 2 70 0 2 74