Market Report
Hidden Hills, CA 91302
Single-Family Homes
Chartwell Escrow
Hidden Hills, CA 91302
Thu May 16 2024
This week the median list price for Hidden Hills, CA 91302 is $7,845,000 with the market action index hovering around 23. This is an increase over last month's market action index of 21. Inventory has decreased to 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market shows signs of warming up, with sales demand recently increasing faster than inventory. Prices have not yet responded as the market is still working through excess inventory. It’s unlikely that we’ll see prices level off or move higher until the MAI sustains its upward trend and maybe not until the inventory is depleted enough to create a Seller’s market.
Real-Time Market Profile
| Median List Price | $7,845,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,473 | |
| Average Days on Market | 162 | |
| Median Days on Market | 126 | |
| Price Decreased | 38% | |
| Price Increased | 3% | |
| Relisted | 9% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 23 | |
| Slight Buyer's Advantage | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $22,947,500 | 14,624 | 1 - 2.5 acres | 6 | 8.5 | 7 | 0 | 1 | 157 |
| $9,345,000 | 8,853 | 1 - 2.5 acres | 5 | 7.5 | 38 | 0 | 0 | 171 |
| $6,724,750 | 5,841 | 1 - 2.5 acres | 5 | 5.5 | 54 | 0 | 1 | 91 |
| $4,797,500 | 3,092 | 1 - 2.5 acres | 4 | 3.3 | 54 | 0 | 1 | 129 |