Justin Tye

West Hollywood, CA

Single-Family Homes

Active Realty I REAL


West Hollywood, CA

Sat Sep 07 2024
This week the median list price for West Hollywood, CA is $4,250,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has decreased to 114. 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

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

West Hollywood, CA

Sat Sep 07 2024
This week the median list price for West Hollywood, CA is $4,250,000 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has decreased to 114. 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

Market Narrative

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the West Hollywood market.
Median List Price $4,250,000
Median Price of New Listings $3,322,500
Per Square Foot $1,382
Average Days on Market 225
Median Days on Market 105
Price Decreased 35%
Price Increased 2%
Relisted 23%
Inventory 114
Median Rent
Market Action 27
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
$10,647,500 6,432 0.25 - 0.5 acre 4 5.5 57 0 2 108
$5,797,500 4,649 8,000 - 10,000 sqft 4 4.8 62 0 2 112
$3,650,000 2,593 4,500 - 6,500 sqft 3 3.5 75 2 1 126
$2,199,999 1,778 4,500 - 6,500 sqft 3 2 87 0 1 84