Deasy Penner Podley's Market Report

Sierra Madre, CA

Single-Family Homes

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



Sierra Madre, CA

Sat May 30 2020
This week the median list price for Sierra Madre, CA is $1,398,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 23. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Sierra Madre, CA

Sat May 30 2020
This week the median list price for Sierra Madre, CA is $1,398,000 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 23. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sierra Madre market.
Median List Price $1,398,000
Per Square Foot $606
Days on Market 204
Price Decreased 22%
Price Increased 9%
Relisted 4%
Inventory 23
Median Rent $4,200
Most Expensive $3,200,000
Least Expensive $499,000
Market Action 37
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
$2,190,000 3,596 0.25 - 0.5 acre 4 5 42 0 0 245
$1,798,000 3,464 0.25 - 0.5 acre 4 4 54 2 0 275
$1,324,500 1,914 0.25 - 0.5 acre 3 3 65 2 1 196
$765,000 1,078 0 - 4,500 sqft 1 1 88 0 1 107