Market Report

Playa Del Rey, CA 90293

Single-Family Homes

Chartwell Escrow



Playa Del Rey, CA 90293

Wed Dec 11 2024
This week the median list price for Playa Del Rey, CA 90293 is $1,895,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has decreased to 12. Click here to stay informed with the Playa Del Rey market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Playa Del Rey, CA 90293

Wed Dec 11 2024
This week the median list price for Playa Del Rey, CA 90293 is $1,895,000 with the market action index hovering around 39. This is an increase over last month's market action index of 34. Inventory has decreased to 12. Click here to stay informed with the Playa Del Rey market!

Market Action Index

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

Slight Seller's Advantage

Market Narrative

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Playa Del Rey market.
Median List Price $1,895,000
Median Price of New Listings $1,699,500
Per Square Foot $1,071
Average Days on Market 88
Median Days on Market 53
Price Decreased 33%
Price Increased 8%
Relisted 8%
Inventory 12
Median Rent
Market Action 39
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$3,660,000 3,826 4,500 - 6,500 sqft 4 4 73 0 1 84
$2,309,900 1,950 4,500 - 6,500 sqft 4 3 68 0 0 35
$1,729,000 1,762 4,500 - 6,500 sqft 4 2 68 1 2 56
$1,300,000 1,514 0 - 4,500 sqft 3 2 72 0 0 49