RE/MAX Accord's Market Report
Lafayette, CA
Single-Family Homes
RE/MAX Accord | Outstanding Agents! Outstanding Results!
Lafayette, CA
Tue Apr 16 2024
This week the median list price for Lafayette, CA is $2,995,000 with the market action index hovering around 59. This is less than last month's market action index of 64. Inventory has increased to 28.
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 consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $2,995,000 | |
| Median Price of New Listings | $2,995,000 | |
| Per Square Foot | $900 | |
| Average Days on Market | 38 | |
| Median Days on Market | 18 | |
| Price Decreased | 18% | |
| Price Increased | 7% | |
| Relisted | 4% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 59 | |
| Strong Seller's Market | ||
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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 |
|---|---|---|---|---|---|---|---|---|
| $5,197,000 | 4,895 | 1 - 2.5 acres | 5 | 6 | 24 | 3 | 0 | 21 |
| $3,700,000 | 4,215 | 0.5 - 1 acre | 5 | 5 | 32 | 3 | 0 | 14 |
| $2,488,000 | 2,848 | 0.25 - 0.5 acre | 4 | 3 | 51 | 3 | 2 | 21 |
| $1,349,946 | 2,061 | 0.25 - 0.5 acre | 4 | 3 | 65 | 3 | 1 | 14 |