RE/MAX Accord's Market Report

El Cerrito, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



El Cerrito, CA

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 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

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 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 $849,494
Per Square Foot $568
Days on Market 50
Price Decreased 26%
Price Increased 9%
Relisted 6%
Inventory 34
Median House Rent
Most Expensive $1,595,000
Least Expensive $550,000
Market Action Index
Strong Seller's Market
51

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
$995,750 2,326 0.25 - 0.5 acre 3 3 61 2 1 35
$887,500 1,693 4,500 - 6,500 sqft 3 2 66 3 3 23
$775,000 1,080 4,500 - 6,500 sqft 3 2 70 2 3 105
$650,000 1,195 0 - 4,500 sqft 2 2 77 0 0 30