Pango Group

Ojai, CA

Single-Family Homes

www.pangogroup.com



Ojai, CA

Sat Jul 20 2024
This week the median list price for Ojai, CA is $2,100,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has decreased to 53. Click here to stay informed with the Ojai market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Ojai, CA

Sat Jul 20 2024
This week the median list price for Ojai, CA is $2,100,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has decreased to 53. Click here to stay informed with the Ojai market!

Market Action Index

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

Slight Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to have been falling a bit recently. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Ojai market.
Median List Price $2,100,000
Median Price of New Listings $0
Per Square Foot $1,018
Average Days on Market 152
Median Days on Market 63
Price Decreased 36%
Price Increased 2%
Relisted 9%
Inventory 53
Median Rent
Market Action 34
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$8,995,000 6,000 10 - 20 acres 5 6 20 0 0 126
$3,499,000 2,951 1 - 2.5 acres 4 4 46 0 1 77
$1,670,000 2,112 0.5 - 1 acre 4 3 63 0 0 35
$974,000 1,309 0.25 - 0.5 acre 3 2 63 0 1 52