RE/MAX Accord's Market Report

El Cerrito, CA

Single-Family Homes

RE/MAX Accord | Outstanding Agents! Outstanding Results!



El Cerrito, CA

Sat Dec 15 2018
This week the median list price for El Cerrito, CA is $749,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

El Cerrito, CA

Sat Dec 15 2018
This week the median list price for El Cerrito, CA is $749,000 with the market action index hovering around 52. This is an increase over last month's market action index of 50. 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

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the El Cerrito market.
Median List Price $749,000
Per Square Foot $488
Days on Market 92
Price Decreased 43%
Price Increased 10%
Relisted 29%
Inventory 21
Median House Rent
Most Expensive $1,590,000
Least Expensive $499,000
Market Action Index
Strong Seller's Market
52

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,065,000 2,422 6,500 - 8,000 sqft 3 3 62 0 3 99
$805,000 1,792 4,500 - 6,500 sqft 3 2 64 1 2 191
$695,000 1,221 4,500 - 6,500 sqft 3 2 61 3 1 12
$599,500 1,099 0 - 4,500 sqft 2 1 93 0 1 71