RE/MAX Accord's Market Report
Lafayette, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Lafayette, CA
Wed May 08 2024
This week the median list price for Lafayette, CA is $2,698,000 with the market action index hovering around 59. This is about the same as last month's market action index of 59. Inventory has increased to 39.
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 off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.
Real-Time Market Profile
| Median List Price | $2,698,000 | |
| Median Price of New Listings | $2,327,500 | |
| Per Square Foot | $872 | |
| Average Days on Market | 35 | |
| Median Days on Market | 14 | |
| Price Decreased | 18% | |
| Price Increased | 8% | |
| Relisted | 3% | |
| Inventory | 39 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $4,750,000 | 5,184 | 0.5 - 1 acre | 5 | 5 | 17 | 2 | 0 | 21 |
| $3,095,000 | 4,033 | 0.5 - 1 acre | 5 | 4 | 47 | 2 | 3 | 21 |
| $1,998,500 | 2,592 | 0.25 - 0.5 acre | 4 | 3 | 65 | 2 | 2 | 7 |
| $1,495,000 | 2,054 | 0.25 - 0.5 acre | 4 | 2.3 | 69 | 2 | 3 | 17 |