RE/MAX Accord's Market Report

El Cerrito, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



El Cerrito, CA

Sun Jul 21 2019
This week the median list price for El Cerrito, CA is $890,000 with the market action index hovering around 66. This is an increase over last month's market action index of 64. Inventory has held steady at or around 21. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

El Cerrito, CA

Sun Jul 21 2019
This week the median list price for El Cerrito, CA is $890,000 with the market action index hovering around 66. This is an increase over last month's market action index of 64. Inventory has held steady at or around 21. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Never miss important changes in the El Cerrito market.
Median List Price $890,000
Per Square Foot $498
Days on Market 82
Price Decreased 14%
Price Increased 0%
Relisted 10%
Inventory 21
Median House Rent $3,500
Most Expensive $1,790,000
Least Expensive $499,000
Market Action Index
Strong Seller's Market
66

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
$1,150,000 2,504 6,500 - 8,000 sqft 3 2 55 1 1 58
$925,000 1,866 4,500 - 6,500 sqft 3 2 65 3 1 14
$849,000 1,676 4,500 - 6,500 sqft 3 2 66 1 1 260
$674,000 1,107 4,500 - 6,500 sqft 2 2 72 4 3 9