Your Local Market Report

Los Angeles, CA 90024 - Westwood

Single-Family Homes



Los Angeles, CA 90024 - Westwood

Thu Jan 17 2019
This week the median list price for Los Angeles, CA 90024 - Westwood is $3,671,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 16. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Los Angeles, CA 90024 - Westwood

Thu Jan 17 2019
This week the median list price for Los Angeles, CA 90024 - Westwood is $3,671,500 with the market action index hovering around 32. This is less than last month's market action index of 33. Inventory has held steady at or around 16. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $3,671,500
Per Square Foot $1,050
Days on Market 106
Price Decreased 44%
Price Increased 0%
Relisted 19%
Inventory 16
Median House Rent $3,000
Most Expensive $115,000,000
Least Expensive $729,000
Market Action Index
Slight Seller's Advantage
32

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices 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
$42,997,500 9,390 0.5 - 1 acre 7 7 49 0 0 98
$4,647,500 4,318 6,500 - 8,000 sqft 5 4 34 0 1 122
$2,799,475 2,676 8,000 - 10,000 sqft 4 2 69 1 2 75
$1,739,500 1,791 6,500 - 8,000 sqft 3 1 79 0 0 131