Market Report
West Hollywood, CA 90069 - West Hollywood
Single-Family Homes
Chartwell Escrow | 310.740.1708
West Hollywood, CA 90069 - West Hollywood
Fri Apr 23 2021
This week the median list price for West Hollywood, CA 90069 - West Hollywood is $4,795,000 with the market action index hovering around 26. This is less than last month's market action index of 27. Inventory has held steady at or around 129.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $4,795,000 | |
| Per Square Foot | $1,338 | |
| Days on Market | 133 | |
| Price Decreased | 29% | |
| Price Increased | 2% | |
| Relisted | 19% | |
| Inventory | 129 | |
| Median Rent | $14,998 | |
| Most Expensive | $54,950,000 | |
| Least Expensive | $850,000 | |
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $13,425,000 | 6,338 | 0.25 - 0.5 acre | 5 | 7 | 17 | 0 | 1 | 133 |
| $6,197,500 | 4,401 | 8,000 - 10,000 sqft | 4 | 5 | 59 | 1 | 0 | 143 |
| $3,737,500 | 3,079 | 6,500 - 8,000 sqft | 3 | 4 | 59 | 0 | 2 | 101 |
| $2,198,000 | 2,075 | 4,500 - 6,500 sqft | 3 | 3 | 68 | 2 | 3 | 147 |