Beate Kirmse's Market Report

Lomita, CA

Single-Family Homes

eXp Realty | + 1 (310) 303 4411 | kirmsehomes@gmail.com



Lomita, CA

Fri Jul 10 2020
This week the median list price for Lomita, CA is $799,000 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has held steady at or around 17. Click here to stay informed with the Lomita market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Lomita, CA

Fri Jul 10 2020
This week the median list price for Lomita, CA is $799,000 with the market action index hovering around 43. This is less than last month's market action index of 46. Inventory has held steady at or around 17. Click here to stay informed with the Lomita market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Lomita market.
Median List Price $799,000
Per Square Foot $498
Days on Market 76
Price Decreased 24%
Price Increased 12%
Relisted 12%
Inventory 17
Median Rent $3,500
Most Expensive $1,295,000
Least Expensive $630,000
Market Action 43
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$970,000 1,856 0.25 - 0.5 acre 3 2 70 1 0 120
$882,450 2,250 6,500 - 8,000 sqft 3 2 64 2 0 42
$796,000 1,403 6,500 - 8,000 sqft 3 2 62 1 1 78
$665,000 1,114 4,500 - 6,500 sqft 3 2 67 0 0 65