Justin Tye
Potrero, CA
Single-Family Homes
Active Realty I REAL
Potrero, CA
Wed Dec 11 2024
This week the median list price for Potrero, CA is $624,500 with the market action index hovering around 24. This is less than last month's market action index of 31. Inventory has decreased to 2.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has settled in at a relative stasis in inventory and sales conditions. It's a Buyer's market that has seen prices trend lower. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $624,500 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $449 | |
| Average Days on Market | 81 | |
| Median Days on Market | 81 | |
| Price Decreased | 0% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 2 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| $799,000 | 1,860 | 10 - 20 acres | 3 | 2 | 45 | 0 | 0 | 119 |
| $450,000 | 957 | 0.25 - 0.5 acre | 2 | 1 | 69 | 0 | 0 | 42 |