Deric Rangell

Los Angeles, CA 90031

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Los Angeles, CA 90031

Fri Aug 23 2019
This week the median list price for Los Angeles, CA 90031 is $769,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 21. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Angeles, CA 90031

Fri Aug 23 2019
This week the median list price for Los Angeles, CA 90031 is $769,000 with the market action index hovering around 49. This is about the same as last month's market action index of 49. Inventory has held steady at or around 21. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $769,000
Per Square Foot $542
Days on Market 105
Price Decreased 29%
Price Increased 10%
Relisted 14%
Inventory 21
Median House Rent $2,595
Most Expensive $6,860,000
Least Expensive $68,500
Market Action Index
Strong Seller's Market
49

We continue to see prices in this zip bounce around these current levels. Look for a persistent change in the Market Action Index before we see prices deviate 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
$1,199,000 2,107 0.25 - 0.5 acre 3 1 29 2 0 89
$870,000 1,940 4,500 - 6,500 sqft 4 1 79 2 2 106
$689,999 1,477 0 - 4,500 sqft 3 1 68 0 2 57
$515,500 936 4,500 - 6,500 sqft 3 0 112 0 1 157