DPP | Compass' Market Report

Sierra Madre, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



Sierra Madre, CA

Wed Feb 28 2024
This week the median list price for Sierra Madre, CA is $1,644,000 with the market action index hovering around 32. This is less than last month's market action index of 45. Inventory has increased to 10. Click here to stay informed with the Sierra Madre market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sierra Madre, CA

Wed Feb 28 2024
This week the median list price for Sierra Madre, CA is $1,644,000 with the market action index hovering around 32. This is less than last month's market action index of 45. Inventory has increased to 10. Click here to stay informed with the Sierra Madre market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sierra Madre market.
Median List Price $1,644,000
Median Price of New Listings $999,000
Per Square Foot $891
Average Days on Market 97
Median Days on Market 39
Price Decreased 20%
Price Increased 0%
Relisted 20%
Inventory 10
Median Rent
Market Action 32
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$3,399,000 3,550 0.25 - 0.5 acre 3 4.5 9 0 0 276
$2,399,500 2,696 0.25 - 0.5 acre 5 4.5 53 0 0 21
$1,498,000 1,736 6,500 - 8,000 sqft 3 2 83 0 1 49
$999,000 1,134 0 - 4,500 sqft 3 3 77 1 0 7