RE/MAX Estate Properties' Market Report
Rolling Hills, CA 90274
Single-Family Homes
RE/MAX Estate Properties | 310-703-1900 | jsanders@eplahomes.com
Rolling Hills, CA 90274
Sat Sep 07 2024
This week the median list price for Rolling Hills, CA 90274 is $4,299,000 with the market action index hovering around 30. This is an increase over last month's market action index of 27. Inventory has decreased to 11.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
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 | $4,299,000 | |
| Median Price of New Listings | $4,995,000 | |
| Per Square Foot | $1,401 | |
| Average Days on Market | 153 | |
| Median Days on Market | 98 | |
| Price Decreased | 55% | |
| Price Increased | 9% | |
| Relisted | 18% | |
| Inventory | 11 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $8,872,500 | 8,875 | 2.5 - 5 acres | 5 | 5.5 | 46 | 0 | 0 | 378 |
| $5,495,000 | 3,439 | 1 - 2.5 acres | 5 | 3 | 70 | 1 | 1 | 147 |
| $4,230,000 | 3,000 | 1 - 2.5 acres | 4 | 3.5 | 69 | 0 | 0 | 84 |
| $3,750,000 | 3,165 | 1 - 2.5 acres | 4 | 2 | 73 | 0 | 0 | 63 |