Intero's Market Report
Martinez, CA
Single-Family Homes
Martinez, CA
Mon Jan 24 2022
This week the median list price for Martinez, CA is $866,160 with the market action index hovering around 85. This is less than last month's market action index of 87. 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
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Real-Time Market Profile
| Median List Price | $866,160 | |
| Median Price of New Listings | $799,888 | |
| Per Square Foot | $535 | |
| Average Days on Market | 52 | |
| Median Days on Market | 7 | |
| Price Decreased | 21% | |
| Price Increased | 7% | |
| Relisted | 21% | |
| Inventory | 14 | |
| Median Rent | $2,063 | |
| Market Action | 85 | |
| Strong Seller's Market | ||
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,988,888 | 3,258 | 0.5 - 1 acre | 4 | 4 | 43 | 1 | 0 | 91 |
| $1,699,000 | 1,250 | 1 - 2.5 acres | 2 | 2 | 42 | 0 | 2 | 7 |
| $826,635 | 1,760 | 4,500 - 6,500 sqft | 3 | 2.5 | 59 | 2 | 2 | 3 |
| $749,444 | 1,834 | 4,500 - 6,500 sqft | 3 | 2.5 | 41 | 2 | 2 | 3 |