Pango Group
Rolling Hills, CA
Single-Family Homes
www.pangogroup.com
Rolling Hills, CA
Thu Apr 25 2024
This week the median list price for Rolling Hills, CA is $6,241,500 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has held steady at or around 8.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
In a Buyer’s market, the relative stasis in inventory and sales conditions has allowed prices to drift lower recently. Expect that consistent up trends in demand will be required before price trends change significantly.
Real-Time Market Profile
| Median List Price | $6,241,500 | |
| Median Price of New Listings | $3,295,000 | |
| Per Square Foot | $1,426 | |
| Average Days on Market | 143 | |
| Median Days on Market | 147 | |
| Price Decreased | 25% | |
| Price Increased | 0% | |
| Relisted | 0% | |
| Inventory | 8 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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 |
|---|---|---|---|---|---|---|---|---|
| $10,500,000 | 7,100 | 2.5 - 5 acres | 4 | 5.5 | 38 | 0 | 0 | 248 |
| $7,289,000 | 5,645 | 2.5 - 5 acres | 6 | 6 | 65 | 0 | 1 | 192 |
| $4,922,500 | 2,480 | 1 - 2.5 acres | 2 | 2.3 | 74 | 0 | 0 | 98 |
| $3,135,000 | 2,253 | 1 - 2.5 acres | 3 | 3 | 68 | 1 | 0 | 31 |