Intero's Market Report
Martinez, CA
Single-Family Homes
Martinez, CA
Fri Mar 05 2021
This week the median list price for Martinez, CA is $824,000 with the market action index hovering around 96. This is less than last month's market action index of 97. Inventory has held steady at or around 18.
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 a Seller’s market, 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 | $824,000 | |
| Per Square Foot | $416 | |
| Days on Market | 7 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 18 | |
| Median Rent | $2,800 | |
| Most Expensive | $2,595,000 | |
| Least Expensive | $525,000 | |
| Market Action | 96 | |
| Strong Seller's Market | ||
Price trends continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,760,000 | 3,713 | 2.5 - 5 acres | 5 | 4 | 26 | 0 | 0 | 38 |
| $853,750 | 1,984 | 6,500 - 8,000 sqft | 3 | 2 | 47 | 3 | 3 | 0 |
| $799,950 | 1,944 | 4,500 - 6,500 sqft | 4 | 3 | 33 | 1 | 2 | 14 |
| $590,000 | 1,292 | 0 - 4,500 sqft | 3 | 2 | 90 | 1 | 1 | 7 |