Deasy Penner Podley's Market Report
Sierra Madre, CA
Single-Family Homes
www.dppre.com | 626.795.6262 | info@dppre.com
Sierra Madre, CA
Thu Mar 30 2023
This week the median list price for Sierra Madre, CA is $2,145,000 with the market action index hovering around 41. This is less than last month's market action index of 45. Inventory has decreased to 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $2,145,000 | |
| Median Price of New Listings | $1,759,000 | |
| Per Square Foot | $717 | |
| Average Days on Market | 85 | |
| Median Days on Market | 53 | |
| Price Decreased | 10% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 10 | |
| Median Rent | ||
| Market Action | 41 | |
| Slight Seller's Advantage | ||
Click for more charts
This week saw relatively little price change from last week. However, prices continue to demonstrate a nice up trend over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,213,000 | 3,779 | 0.25 - 0.5 acre | 4 | 4.5 | 20 | 0 | 0 | 35 |
| $2,515,000 | 3,391 | 0.25 - 0.5 acre | 4 | 4.5 | 32 | 0 | 1 | 84 |
| $1,990,000 | 2,812 | 0.5 - 1 acre | 4 | 4 | 54 | 1 | 0 | 70 |
| $1,550,000 | 1,979 | 0.25 - 0.5 acre | 3 | 2 | 63 | 1 | 0 | 21 |