Nicole Costas' Market Report
West Hollywood, CA 90069 - West Hollywood
Single-Family Homes
DRE #01049913 | 323-630-6976 |nicole.costas@compass.com
West Hollywood, CA 90069 - West Hollywood
Sat Dec 21 2024
This week the median list price for West Hollywood, CA 90069 - West Hollywood is $5,250,000 with the market action index hovering around 26. This is about the same as last month's market action index of 26. Inventory has held steady at or around 103.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.
Real-Time Market Profile
| Median List Price | $5,250,000 | |
| Median Price of New Listings | $4,914,000 | |
| Per Square Foot | $1,451 | |
| Average Days on Market | 195 | |
| Median Days on Market | 98 | |
| Price Decreased | 33% | |
| Price Increased | 2% | |
| Relisted | 19% | |
| Inventory | 103 | |
| Median Rent | ||
| Market Action | 26 | |
| Slight Buyer's Advantage | ||
In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
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 |
|---|---|---|---|---|---|---|---|---|
| $17,995,000 | 9,571 | 0.25 - 0.5 acre | 5 | 7 | 9 | 0 | 1 | 112 |
| $6,672,500 | 4,544 | 8,000 - 10,000 sqft | 4 | 4.3 | 68 | 1 | 2 | 94 |
| $4,345,000 | 3,200 | 6,500 - 8,000 sqft | 3 | 4 | 62 | 2 | 3 | 140 |
| $2,422,500 | 1,898 | 4,500 - 6,500 sqft | 3 | 2.3 | 73 | 1 | 1 | 87 |