Pango Group

Gardena, CA 90247

Single-Family Homes

www.pangogroup.com



Gardena, CA 90247

Tue May 26 2020
This week the median list price for Gardena, CA 90247 is $650,000 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has held steady at or around 7. Click here to stay informed with the Gardena market!

Market Action Index

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

Strong Seller's Market

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.

Gardena, CA 90247

Tue May 26 2020
This week the median list price for Gardena, CA 90247 is $650,000 with the market action index hovering around 65. This is about the same as last month's market action index of 65. Inventory has held steady at or around 7. Click here to stay informed with the Gardena market!

Market Action Index

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

Strong Seller's Market

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 Gardena market.
Median List Price $650,000
Per Square Foot $427
Days on Market 54
Price Decreased 43%
Price Increased 0%
Relisted 0%
Inventory 7
Median Rent $2,575
Most Expensive $982,000
Least Expensive $360,000
Market Action 65
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$982,000 2,738 0.25 - 0.5 acre 8 5 62 0 0 196
$754,500 1,698 6,500 - 8,000 sqft 4 2 84 0 0 28
$647,500 1,643 4,500 - 6,500 sqft 3 2 68 1 2 52
$497,500 1,050 0.5 - 1 acre 2 2 62 1 1 10