Deasy Penner Podley's Market Report

Sierra Madre, CA

Single-Family Homes

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



Sierra Madre, CA

Wed Oct 04 2023
This week the median list price for Sierra Madre, CA is $1,880,000 with the market action index hovering around 38. This is less than last month's market action index of 42. Inventory has increased to 15. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Oct 04 2023
This week the median list price for Sierra Madre, CA is $1,880,000 with the market action index hovering around 38. This is less than last month's market action index of 42. Inventory has increased to 15. 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 plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 $1,880,000
Median Price of New Listings $1,599,000
Per Square Foot $702
Average Days on Market 82
Median Days on Market 28
Price Decreased 40%
Price Increased 0%
Relisted 20%
Inventory 15
Median Rent
Market Action 38
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$4,188,000 4,517 0.5 - 1 acre 4 4 20 0 0 7
$2,248,500 2,887 0.25 - 0.5 acre 4 4 71 1 0 80
$1,648,500 2,644 0.25 - 0.5 acre 3 3.5 69 1 0 171
$948,500 980 6,500 - 8,000 sqft 3 1 77 1 0 7