Deric Rangell

Los Angeles, CA 90031

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90031

Sat Aug 17 2019
This week the median list price for Los Angeles, CA 90031 is $697,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has held steady at or around 22. Click here to stay informed with the Los Angeles 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Los Angeles, CA 90031

Sat Aug 17 2019
This week the median list price for Los Angeles, CA 90031 is $697,000 with the market action index hovering around 48. This is less than last month's market action index of 51. Inventory has held steady at or around 22. Click here to stay informed with the Los Angeles 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $697,000
Per Square Foot $570
Days on Market 93
Price Decreased 36%
Price Increased 9%
Relisted 14%
Inventory 22
Median House Rent $1,200
Most Expensive $6,860,000
Least Expensive $68,500
Market Action Index
Strong Seller's Market
48

Prices in this zip code seem to have settled around a 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
$999,000 2,532 4,500 - 6,500 sqft 3 1 70 0 1 127
$769,000 1,477 4,500 - 6,500 sqft 3 1 55 0 0 28
$679,999 951 0 - 4,500 sqft 2 1 90 0 0 72
$505,000 936 4,500 - 6,500 sqft 3 0 112 0 1 141