Deric Rangell

Lakewood, CA 90712

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Lakewood, CA 90712

Wed Jul 17 2019
This week the median list price for Lakewood, CA 90712 is $622,000 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has held steady at or around 28. Click here to stay informed with the Lakewood 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.

Lakewood, CA 90712

Wed Jul 17 2019
This week the median list price for Lakewood, CA 90712 is $622,000 with the market action index hovering around 65. This is an increase over last month's market action index of 63. Inventory has held steady at or around 28. Click here to stay informed with the Lakewood 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 Lakewood market.
Median List Price $622,000
Per Square Foot $466
Days on Market 48
Price Decreased 43%
Price Increased 4%
Relisted 14%
Inventory 28
Median House Rent $2,000
Most Expensive $1,200,000
Least Expensive $525,000
Market Action Index
Strong Seller's Market
65

We continue to see prices in this zip code bounce around this 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
$739,000 2,210 4,500 - 6,500 sqft 3 1 67 1 2 59
$639,900 1,674 4,500 - 6,500 sqft 3 1 69 1 3 46
$594,500 1,210 4,500 - 6,500 sqft 3 0 67 1 4 35
$536,000 1,041 4,500 - 6,500 sqft 3 0 67 2 5 54