Intero's Market Report
El Sobrante, CA
Single-Family Homes
El Sobrante, CA
Thu Sep 21 2023
This week the median list price for El Sobrante, CA is $918,500 with the market action index hovering around 52. This is less than last month's market action index of 63. Inventory has increased to 12.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. 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 | $918,500 | |
| Median Price of New Listings | $938,000 | |
| Per Square Foot | $498 | |
| Average Days on Market | 35 | |
| Median Days on Market | 28 | |
| Price Decreased | 42% | |
| Price Increased | 0% | |
| Relisted | 8% | |
| Inventory | 12 | |
| Median Rent | ||
| Market Action | 52 | |
| Strong Seller's Market | ||
The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,600,000 | 1,562 | 0.25 - 0.5 acre | 3 | 2.5 | 48 | 0 | 0 | 49 |
| $1,075,000 | 2,834 | 0.25 - 0.5 acre | 4 | 3 | 34 | 2 | 0 | 14 |
| $799,500 | 1,660 | 6,500 - 8,000 sqft | 4 | 3 | 64 | 0 | 0 | 35 |
| $699,000 | 1,200 | 6,500 - 8,000 sqft | 3 | 2 | 68 | 1 | 0 | 14 |