How's the market in your area?

Los Angeles, CA

Single-Family Homes

www.Ctccal.com



Los Angeles, CA

Wed May 22 2024
This week the median list price for Los Angeles, CA is $1,600,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 1,321. Click here to stay informed with the Los Angeles 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Angeles, CA

Wed May 22 2024
This week the median list price for Los Angeles, CA is $1,600,000 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has increased to 1,321. Click here to stay informed with the Los Angeles 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 achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,600,000
Median Price of New Listings $1,499,000
Per Square Foot $853
Average Days on Market 97
Median Days on Market 42
Price Decreased 28%
Price Increased 3%
Relisted 11%
Inventory 1,321
Median Rent
Market Action 42
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$4,740,000 4,434 0.25 - 0.5 acre 5 5 45 27 26 63
$2,099,995 2,305 6,500 - 8,000 sqft 3 3 77 45 38 35
$1,250,000 1,647 4,500 - 6,500 sqft 3 2 92 47 45 42
$699,900 1,161 4,500 - 6,500 sqft 3 2 100 42 48 28