Market Report
West Hollywood, CA 90069 - West Hollywood
Single-Family Homes
Chartwell Escrow
West Hollywood, CA 90069 - West Hollywood
Tue Oct 22 2024
This week the median list price for West Hollywood, CA 90069 - West Hollywood is $5,925,000 with the market action index hovering around 27. This is an increase over last month's market action index of 26. Inventory has increased to 116.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $5,925,000 | |
| Median Price of New Listings | $4,845,000 | |
| Per Square Foot | $1,485 | |
| Average Days on Market | 178 | |
| Median Days on Market | 119 | |
| Price Decreased | 34% | |
| Price Increased | 0% | |
| Relisted | 29% | |
| Inventory | 116 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $11,750,000 | 6,952 | 0.25 - 0.5 acre | 5 | 6 | 30 | 1 | 1 | 147 |
| $6,300,000 | 4,571 | 0.25 - 0.5 acre | 4 | 4.5 | 67 | 4 | 0 | 77 |
| $4,495,000 | 2,951 | 6,500 - 8,000 sqft | 3 | 4 | 66 | 2 | 3 | 133 |
| $2,545,000 | 1,980 | 4,500 - 6,500 sqft | 3 | 2 | 77 | 3 | 2 | 91 |