Market Report

Los Angeles, CA 90024 - Westwood

Single-Family Homes

Chartwell Escrow



Los Angeles, CA 90024 - Westwood

Thu Mar 28 2024
This week the median list price for Los Angeles, CA 90024 - Westwood is $5,897,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 18. Click here to stay informed with the Los Angeles market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Los Angeles, CA 90024 - Westwood

Thu Mar 28 2024
This week the median list price for Los Angeles, CA 90024 - Westwood is $5,897,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has increased to 18. Click here to stay informed with the Los Angeles market!

Market Action Index

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

Slight Seller's Advantage

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $5,897,000
Median Price of New Listings $4,097,500
Per Square Foot $1,283
Average Days on Market 229
Median Days on Market 84
Price Decreased 28%
Price Increased 0%
Relisted 17%
Inventory 18
Median Rent
Market Action 36
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
$52,375,000 31,826 1 - 2.5 acres 10 20.5 13 0 0 616
$7,241,500 4,731 8,000 - 10,000 sqft 5 5.5 70 0 0 129
$4,995,000 4,007 0.25 - 0.5 acre 5 5 86 1 0 119
$3,495,000 3,000 6,500 - 8,000 sqft 4 3 76 1 3 21