Intero's Market Report
Tracy, CA
Single-Family Homes
Tracy, CA
Fri Mar 05 2021
This week the median list price for Tracy, CA is $539,900 with the market action index hovering around 91. This is less than last month's market action index of 92. Inventory has held steady at or around 33.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.
Real-Time Market Profile
| Median List Price | $539,900 | |
| Per Square Foot | $345 | |
| Days on Market | 0 | |
| Price Decreased | 12% | |
| Price Increased | 3% | |
| Relisted | 6% | |
| Inventory | 33 | |
| Median Rent | $2,398 | |
| Most Expensive | $1,900,000 | |
| Least Expensive | $180,000 | |
| Market Action | 91 | |
| Strong Seller's Market | ||
The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn’t break us out of that cycle.
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 |
|---|---|---|---|---|---|---|---|---|
| $765,000 | 2,690 | 8,000 - 10,000 sqft | 5 | 3 | 21 | 6 | 4 | 0 |
| $602,500 | 2,135 | 4,500 - 6,500 sqft | 4 | 2 | 23 | 6 | 6 | 0 |
| $498,500 | 1,249 | 4,500 - 6,500 sqft | 3 | 2 | 33 | 5 | 5 | 0 |
| $430,000 | 1,078 | 4,500 - 6,500 sqft | 2 | 1 | 68 | 3 | 2 | 28 |