Market Report
Los Angeles, CA 90077 - Bel Air
Single-Family Homes
Chartwell Escrow
Los Angeles, CA 90077 - Bel Air
Tue Jan 14 2025
This week the median list price for Los Angeles, CA 90077 - Bel Air is $8,047,000 with the market action index hovering around 24. This is an increase over last month's market action index of 23. Inventory has decreased to 64.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Inventory levels have been relatively consistent relative to sales. Despite the fact that there is a relatively high amount of available inventory, this Buyer's market is still seeing prices move higher. Given inventory levels, these price conditions are relatively fragile. If the market cools off further, the price trend is likely to reverse.
Real-Time Market Profile
| Median List Price | $8,047,000 | |
| Median Price of New Listings | $4,299,000 | |
| Per Square Foot | $1,485 | |
| Average Days on Market | 209 | |
| Median Days on Market | 151 | |
| Price Decreased | 31% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 64 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend in general over the last several weeks.
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 |
|---|---|---|---|---|---|---|---|---|
| $39,990,000 | 15,201 | 1 - 2.5 acres | 7 | 11 | 36 | 0 | 2 | 206 |
| $12,875,000 | 7,070 | 1 - 2.5 acres | 6 | 6.5 | 75 | 1 | 1 | 115 |
| $5,972,500 | 4,613 | 0.5 - 1 acre | 5 | 4.8 | 48 | 1 | 4 | 231 |
| $2,187,000 | 2,331 | 0.25 - 0.5 acre | 3 | 2.5 | 54 | 1 | 0 | 98 |