Mon May 17 2021
This week the median list price for Lakewood, CA is $785,000 with the market action index hovering around 97. This is about the same as last month's market action index of 97. Inventory has decreased to 25.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$785,000|
|Median Price of New Listings||$762,200|
|Per Square Foot||$510|
|Average Days on Market||18|
|Median Days on Market||7|
|Strong Seller's Market|
The market appears to be hovering around these current levels. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$889,499||1,705||4,500 - 6,500 sqft||3||2||72||1||1||14|
|$796,500||1,693||4,500 - 6,500 sqft||3||2||68||1||1||10|
|$747,950||1,533||4,500 - 6,500 sqft||3||2||72||2||5||7|
|$710,000||1,210||4,500 - 6,500 sqft||3||1||69||4||5||0|