Market Report
Los Angeles, CA 90024 - Westwood
Single-Family Homes
Chartwell Escrow
Los Angeles, CA 90024 - Westwood
Thu Mar 23 2023
This week the median list price for Los Angeles, CA 90024 - Westwood is $4,697,499 with the market action index hovering around 34. This is an increase over last month's market action index of 30. Inventory has increased to 20.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.
Real-Time Market Profile
| Median List Price | $4,697,499 | |
| Median Price of New Listings | $3,495,000 | |
| Per Square Foot | $1,337 | |
| Average Days on Market | 144 | |
| Median Days on Market | 49 | |
| Price Decreased | 30% | |
| Price Increased | 0% | |
| Relisted | 15% | |
| Inventory | 20 | |
| Median Rent | ||
| Market Action | 34 | |
| Slight Seller's Advantage | ||
Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly move from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $63,000,000 | 31,450 | 1 - 2.5 acres | 9 | 14 | 18 | 0 | 0 | 112 |
| $6,995,000 | 4,975 | 0.25 - 0.5 acre | 5 | 5 | 87 | 1 | 0 | 42 |
| $3,495,000 | 3,254 | 8,000 - 10,000 sqft | 4 | 4 | 93 | 1 | 0 | 21 |
| $2,100,000 | 2,166 | 6,500 - 8,000 sqft | 4 | 2 | 90 | 1 | 0 | 70 |