Your Local Market Report

Los Angeles, CA 90024 - Westwood

Single-Family Homes



Los Angeles, CA 90024 - Westwood

Tue Mar 26 2019
This week the median list price for Los Angeles, CA 90024 - Westwood is $4,195,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 15. Click here to stay informed with the Los Angeles 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Los Angeles, CA 90024 - Westwood

Tue Mar 26 2019
This week the median list price for Los Angeles, CA 90024 - Westwood is $4,195,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has held steady at or around 15. Click here to stay informed with the Los Angeles 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $4,195,000
Per Square Foot $1,000
Days on Market 126
Price Decreased 47%
Price Increased 0%
Relisted 27%
Inventory 15
Median House Rent $6,125
Most Expensive $115,000,000
Least Expensive $1,750,000
Market Action Index
Slight Seller's Advantage
37

Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$78,000,000 12,201 1 - 2.5 acres 9 9 80 0 0 121
$4,444,450 5,149 6,500 - 8,000 sqft 6 4 1 0 1 126
$3,745,000 4,021 6,500 - 8,000 sqft 5 4 42 0 2 136
$2,297,000 2,199 6,500 - 8,000 sqft 3 2 80 1 1 119