RESIDENTIAL MARKET BEAT
Los Angeles, CA 90049 - Brentwood
Single-Family Homes
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Los Angeles, CA 90049 - Brentwood
Fri Jul 26 2024
This week the median list price for Los Angeles, CA 90049 - Brentwood is $7,388,000 with the market action index hovering around 30. This is less than last month's market action index of 31. Inventory has held steady at or around 105.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has achieved a relative stasis point in terms of supply and demand - conditions don’t seem to be getting hotter or cooler. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as a result.
Real-Time Market Profile
| Median List Price | $7,388,000 | |
| Median Price of New Listings | $6,072,500 | |
| Per Square Foot | $1,452 | |
| Average Days on Market | 127 | |
| Median Days on Market | 77 | |
| Price Decreased | 42% | |
| Price Increased | 2% | |
| Relisted | 17% | |
| Inventory | 105 | |
| Median Rent | ||
| Market Action | 30 | |
| Slight Seller's Advantage | ||
The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.
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 |
|---|---|---|---|---|---|---|---|---|
| $19,872,500 | 9,167 | 0.5 - 1 acre | 6 | 7 | 17 | 0 | 0 | 119 |
| $9,722,500 | 6,635 | 0.25 - 0.5 acre | 5 | 5.5 | 32 | 5 | 1 | 77 |
| $4,972,500 | 4,283 | 0.25 - 0.5 acre | 5 | 4.8 | 61 | 4 | 1 | 70 |
| $2,995,000 | 2,352 | 0.25 - 0.5 acre | 4 | 3 | 70 | 3 | 1 | 56 |