Market Report
Spring Valley, CA
Single-Family Homes
Chartwell Escrow
Spring Valley, CA
Mon Jun 05 2023
This week the median list price for Spring Valley, CA is $765,000 with the market action index hovering around 81. This is about the same as last month's market action index of 81. Inventory has increased to 25.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has started cooling and prices have recently plateaued. Since 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
| Median List Price | $765,000 | |
| Median Price of New Listings | $739,000 | |
| Per Square Foot | $434 | |
| Average Days on Market | 55 | |
| Median Days on Market | 7 | |
| Price Decreased | 16% | |
| Price Increased | 20% | |
| Relisted | 12% | |
| Inventory | 25 | |
| Median Rent | ||
| Market Action | 81 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $894,000 | 2,607 | 6,500 - 8,000 sqft | 4 | 3 | 36 | 1 | 2 | 14 |
| $820,000 | 2,085 | 0.25 - 0.5 acre | 4 | 2.5 | 41 | 3 | 2 | 14 |
| $737,000 | 1,400 | 8,000 - 10,000 sqft | 3 | 2 | 57 | 2 | 1 | 7 |
| $575,000 | 1,092 | 6,500 - 8,000 sqft | 3 | 1 | 60 | 3 | 2 | 7 |