Your Local Market Report

West Hollywood, CA 90048 - West Hollywood

Single-Family Homes



West Hollywood, CA 90048 - West Hollywood

Wed Mar 20 2019
This week the median list price for West Hollywood, CA 90048 - West Hollywood is $2,324,500 with the market action index hovering around 25. This is an increase over last month's market action index of 20. Inventory has held steady at or around 6. Click here to stay informed with the West Hollywood market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

West Hollywood, CA 90048 - West Hollywood

Wed Mar 20 2019
This week the median list price for West Hollywood, CA 90048 - West Hollywood is $2,324,500 with the market action index hovering around 25. This is an increase over last month's market action index of 20. Inventory has held steady at or around 6. Click here to stay informed with the West Hollywood market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the West Hollywood market.
Median List Price $2,324,500
Per Square Foot $1,015
Days on Market 218
Price Decreased 17%
Price Increased 0%
Relisted 0%
Inventory 6
Median House Rent $6,348
Most Expensive $3,495,000
Least Expensive $1,775,000
Market Action Index
Slight Buyer's Advantage
25

Recently prices in this zip have settled at a plateau even though they dipped this week. Look for a persistent up-shift in the Market Action Index before we see prices significantly 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
$3,495,000 0 4,500 - 6,500 sqft 5 3 NaN 0 0 175
$2,995,000 2,948 4,500 - 6,500 sqft 4 3 81 0 1 644
$2,324,500 2,257 0 - 4,500 sqft 3 2 93 0 0 220
$1,802,000 1,732 4,500 - 6,500 sqft 3 2 90 0 0 24