How's the market in your area?

Los Angeles, CA

Single-Family Homes

www.Ctccal.com



Los Angeles, CA

Thu Mar 28 2024
This week the median list price for Los Angeles, CA is $1,649,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 1,177. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Los Angeles, CA

Thu Mar 28 2024
This week the median list price for Los Angeles, CA is $1,649,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 1,177. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,649,000
Median Price of New Listings $1,375,000
Per Square Foot $857
Average Days on Market 110
Median Days on Market 56
Price Decreased 28%
Price Increased 4%
Relisted 14%
Inventory 1,177
Median Rent
Market Action 40
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$4,992,500 4,495 0.25 - 0.5 acre 5 5 39 34 14 91
$2,199,000 2,335 6,500 - 8,000 sqft 4 3 79 47 41 42
$1,269,000 1,656 4,500 - 6,500 sqft 3 2 87 52 46 42
$688,000 1,176 4,500 - 6,500 sqft 3 2 99 59 58 49