Justin Tye

West Hollywood, CA

Single-Family Homes

Active Realty I REAL



West Hollywood, CA

Fri May 24 2024
This week the median list price for West Hollywood, CA is $4,900,000 with the market action index hovering around 28. This is an increase over last month's market action index of 26. Inventory has held steady at or around 111. Click here to stay informed with the West Hollywood market!

Market Action Index

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

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

West Hollywood, CA

Fri May 24 2024
This week the median list price for West Hollywood, CA is $4,900,000 with the market action index hovering around 28. This is an increase over last month's market action index of 26. Inventory has held steady at or around 111. Click here to stay informed with the West Hollywood market!

Market Action Index

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

Slight Buyer's Advantage

Home sales have begun exceeding new inventory. This is a Buyer’s market so prices are not yet moving higher as excess inventory is consumed. If the tightening continues and the market moves into the Seller’s zone, we may see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the West Hollywood market.
Median List Price $4,900,000
Median Price of New Listings $8,495,000
Per Square Foot $1,477
Average Days on Market 197
Median Days on Market 84
Price Decreased 38%
Price Increased 0%
Relisted 14%
Inventory 111
Median Rent
Market Action 28
Slight Buyer'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
$13,995,000 7,682 0.25 - 0.5 acre 5 7 9 4 1 126
$5,997,499 4,852 8,000 - 10,000 sqft 4 5 46 2 3 108
$3,996,500 2,805 4,500 - 6,500 sqft 3 4 66 2 3 87
$2,420,000 1,818 4,500 - 6,500 sqft 3 2.5 85 0 0 49