RE/MAX Accord's Market Report
El Cerrito, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
El Cerrito, CA
Fri Apr 23 2021
This week the median list price for El Cerrito, CA is $998,000 with the market action index hovering around 92. This is an increase over last month's market action index of 86. Inventory has held steady at or around 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $998,000 | |
| Per Square Foot | $567 | |
| Days on Market | 0 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 10 | |
| Median Rent | $3,800 | |
| Most Expensive | $1,498,000 | |
| Least Expensive | $599,000 | |
| Market Action | 92 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,496,500 | 3,475 | 0.25 - 0.5 acre | 5 | 3 | 61 | 1 | 1 | 7 |
| $1,062,000 | 1,708 | 6,500 - 8,000 sqft | 3 | 2 | 74 | 2 | 2 | 0 |
| $998,000 | 1,554 | 0 - 4,500 sqft | 3 | 2 | 58 | 3 | 2 | 0 |
| $650,000 | 1,142 | 0 - 4,500 sqft | 3 | 2 | 81 | 1 | 0 | 7 |