Pango Group

Lomita, CA 90717

Single-Family Homes

www.pangogroup.com



Lomita, CA 90717

Thu Jan 28 2021
This week the median list price for Lomita, CA 90717 is $849,450 with the market action index hovering around 59. This is less than last month's market action index of 69. Inventory has held steady at or around 8. 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.

Strong Seller's Market

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 90717

Thu Jan 28 2021
This week the median list price for Lomita, CA 90717 is $849,450 with the market action index hovering around 59. This is less than last month's market action index of 69. Inventory has held steady at or around 8. 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.

Strong Seller's Market

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 $849,450
Per Square Foot $540
Days on Market 27
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 8
Median Rent $3,400
Most Expensive $1,425,000
Least Expensive $669,000
Market Action 59
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$1,262,500 2,529 0.25 - 0.5 acre 3 3 53 1 1 49
$974,950 2,278 6,500 - 8,000 sqft 3 3 46 0 0 24
$794,500 1,463 4,500 - 6,500 sqft 3 2 60 0 1 24
$699,000 1,088 4,500 - 6,500 sqft 2 1 59 0 0 10