Deric Rangell

Downey, CA 90242

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Downey, CA 90242

Wed Jul 17 2019
This week the median list price for Downey, CA 90242 is $549,900 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has held steady at or around 19. Click here to stay informed with the Downey market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. 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.

Downey, CA 90242

Wed Jul 17 2019
This week the median list price for Downey, CA 90242 is $549,900 with the market action index hovering around 59. This is less than last month's market action index of 62. Inventory has held steady at or around 19. Click here to stay informed with the Downey market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. 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 Downey market.
Median List Price $549,900
Per Square Foot $413
Days on Market 84
Price Decreased 26%
Price Increased 11%
Relisted 16%
Inventory 19
Median House Rent
Most Expensive $990,000
Least Expensive $420,000
Market Action Index
Strong Seller's Market
59

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$762,000 2,297 6,500 - 8,000 sqft 3 2 68 1 0 155
$565,000 1,495 4,500 - 6,500 sqft 3 1 69 0 1 23
$535,000 1,222 4,500 - 6,500 sqft 3 0 68 0 0 47
$450,000 924 4,500 - 6,500 sqft 2 0 69 2 0 124