Market Report
Lemon Grove, CA
Single-Family Homes
Chartwell Escrow
Lemon Grove, CA
Wed Apr 24 2024
This week the median list price for Lemon Grove, CA is $812,497 with the market action index hovering around 64. This is an increase over last month's market action index of 60. Inventory has increased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $812,497 | |
| Median Price of New Listings | $807,447 | |
| Per Square Foot | $479 | |
| Average Days on Market | 76 | |
| Median Days on Market | 25 | |
| Price Decreased | 21% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 64 | |
| Strong Seller's Market | ||
Click for more charts
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 |
|---|---|---|---|---|---|---|---|---|
| $922,295 | 1,801 | 0.25 - 0.5 acre | 4 | 3 | 47 | 1 | 0 | 119 |
| $885,000 | 2,284 | 0.25 - 0.5 acre | 4 | 2.5 | 54 | 1 | 0 | 147 |
| $804,950 | 1,691 | 8,000 - 10,000 sqft | 3 | 2.3 | 10 | 3 | 1 | 0 |
| $753,750 | 1,437 | 4,500 - 6,500 sqft | 3 | 2 | 66 | 1 | 1 | 52 |