Single-Family Homes
Sat Feb 27 2021
This week the median list price for Los Angeles, CA 90027 is $2,795,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 41.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Median List Price | $2,795,000 | |
Per Square Foot | $866 | |
Days on Market | 105 | |
Price Decreased | 46% | |
Price Increased | 2% | |
Relisted | 32% | |
Inventory | 41 | |
Median Rent | $6,448 | |
Most Expensive | $14,595,000 | |
Least Expensive | $850,000 | |
Market Action | 38 | |
Slight Seller's Advantage |
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$6,387,500 | 5,133 | 0.25 - 0.5 acre | 5 | 6 | 91 | 1 | 0 | 119 |
$3,295,000 | 4,043 | 0.25 - 0.5 acre | 4 | 5 | 78 | 1 | 2 | 129 |
$2,330,000 | 2,913 | 6,500 - 8,000 sqft | 3 | 3 | 73 | 2 | 1 | 105 |
$1,450,000 | 1,854 | 4,500 - 6,500 sqft | 3 | 3 | 83 | 2 | 3 | 63 |