Pango Group

Gardena, CA 90248

Single-Family Homes

www.pangogroup.com



Gardena, CA 90248

Fri Apr 12 2024
This week the median list price for Gardena, CA 90248 is $889,950 with the market action index hovering around 62. This is less than last month's market action index of 63. Inventory has decreased to 4. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Gardena, CA 90248

Fri Apr 12 2024
This week the median list price for Gardena, CA 90248 is $889,950 with the market action index hovering around 62. This is less than last month's market action index of 63. Inventory has decreased to 4. 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

Market conditions have recently resumed tightening. As the rate of home sales increases relative to the number of homes on the market, the Market Action Index increases. Even though the MAI is technically in the Seller’s zone, prices have not yet started climbing along with the changes in Market Action, but expect them to do so if the trend continues.

Real-Time Market Profile

Never miss important changes in the Gardena market.
Median List Price $889,950
Median Price of New Listings $799,000
Per Square Foot $531
Average Days on Market 42
Median Days on Market 32
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent
Market Action 62
Strong Seller's Market

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently 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
$2,500,000 7,734 0.25 - 0.5 acre 4 3 64 0 0 91
$950,000 1,883 4,500 - 6,500 sqft 3 2 62 0 1 21
$829,900 1,225 4,500 - 6,500 sqft 3 2 64 0 0 14
$799,000 1,430 4,500 - 6,500 sqft 4 2 62 1 2 42