Justin Tye
Warner Springs, CA
Single-Family Homes
Active Realty I REAL
Warner Springs, CA
Wed Oct 09 2024
This week the median list price for Warner Springs, CA is $582,475 with the market action index hovering around 20. This is less than last month's market action index of 23. Inventory has held steady at or around 10.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has been cooling in recent weeks. Since this is a Buyer's market where there is excess inventory to satisfy the demand levels, prices have also been moving lower.
Real-Time Market Profile
| Median List Price | $582,475 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $379 | |
| Average Days on Market | 157 | |
| Median Days on Market | 95 | |
| Price Decreased | 40% | |
| Price Increased | 0% | |
| Relisted | 20% | |
| Inventory | 10 | |
| Median Rent | ||
| Market Action | 20 | |
| Slight Buyer's Advantage | ||
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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 |
|---|---|---|---|---|---|---|---|---|
| $2,605,000 | 6,061 | 10 - 20 acres | 3 | 8.3 | 52 | 0 | 0 | 150 |
| $1,424,499 | 2,049 | 5 - 10 acres | 3 | 2.3 | 24 | 0 | 1 | 224 |
| $565,000 | 1,728 | 1 - 2.5 acres | 2 | 2 | 44 | 0 | 0 | 126 |
| $449,000 | 1,102 | 0.5 - 1 acre | 2 | 2 | 35 | 0 | 0 | 42 |