RE/MAX Accord's Market Report

El Cerrito, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



El Cerrito, CA

Thu Nov 14 2019
This week the median list price for El Cerrito, CA is $840,337 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has held steady at or around 36. Click here to stay informed with the El Cerrito market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Nov 14 2019
This week the median list price for El Cerrito, CA is $840,337 with the market action index hovering around 49. This is less than last month's market action index of 53. Inventory has held steady at or around 36. Click here to stay informed with the El Cerrito market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $840,337
Per Square Foot $610
Days on Market 72
Price Decreased 11%
Price Increased 3%
Relisted 11%
Inventory 36
Median Rent $3,250
Most Expensive $1,875,000
Least Expensive $599,000
Market Action 49
Strong Seller's Market

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
$1,290,000 3,171 8,000 - 10,000 sqft 4 3 65 0 3 56
$948,000 1,877 6,500 - 8,000 sqft 3 2 71 1 1 153
$830,609 1,347 0 - 4,500 sqft 3 3 71 0 0 69
$699,000 1,091 0 - 4,500 sqft 2 1 78 3 2 10