Pango Group

Ojai, CA

Single-Family Homes

www.pangogroup.com



Ojai, CA

Sun May 26 2024
This week the median list price for Ojai, CA is $2,575,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 62. 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

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.

Ojai, CA

Sun May 26 2024
This week the median list price for Ojai, CA is $2,575,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has increased to 62. 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

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 Ojai market.
Median List Price $2,575,000
Median Price of New Listings $2,395,000
Per Square Foot $1,076
Average Days on Market 130
Median Days on Market 56
Price Decreased 39%
Price Increased 0%
Relisted 5%
Inventory 62
Median Rent
Market Action 35
Slight Seller's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of 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
$6,550,000 5,254 5 - 10 acres 5 5 20 1 1 70
$3,499,000 2,890 1 - 2.5 acres 3 4 54 2 2 56
$2,100,000 2,100 0.5 - 1 acre 3 3 54 2 3 52
$1,060,000 1,221 0.25 - 0.5 acre 3 2 64 2 3 28