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 Dec 03 2022
This week the median list price for Sierra Madre, CA is $1,798,000 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has increased to 13. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since 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

Sat Dec 03 2022
This week the median list price for Sierra Madre, CA is $1,798,000 with the market action index hovering around 50. This is less than last month's market action index of 53. Inventory has increased to 13. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since 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 $1,798,000
Median Price of New Listings $1,780,000
Per Square Foot $737
Average Days on Market 101
Median Days on Market 28
Price Decreased 38%
Price Increased 8%
Relisted 0%
Inventory 13
Median Rent
Market Action 50
Strong Seller's Market

Despite this week’s up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$2,350,000 3,174 0.25 - 0.5 acre 4 4 31 0 0 14
$1,990,000 2,786 0.5 - 1 acre 4 4 34 0 0 252
$1,780,000 2,200 0.25 - 0.5 acre 4 2 64 1 0 14
$1,339,000 1,838 8,000 - 10,000 sqft 3 2 71 0 3 38