Your Local Market Report

Los Angeles, CA 90024 - Westwood

Single-Family Homes



Los Angeles, CA 90024 - Westwood

Mon May 20 2019
This week the median list price for Los Angeles, CA 90024 - Westwood is $3,647,500 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 22. 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

Mon May 20 2019
This week the median list price for Los Angeles, CA 90024 - Westwood is $3,647,500 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has held steady at or around 22. 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 $3,647,500
Per Square Foot $1,059
Days on Market 79
Price Decreased 27%
Price Increased 0%
Relisted 9%
Inventory 22
Median House Rent $9,200
Most Expensive $160,000,000
Least Expensive $2,395,000
Market Action Index
Slight Seller's Advantage
39

We continue to see prices in this zip code bouncing around this plateau. 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
$78,000,000 12,201 1 - 2.5 acres 9 9 29 1 0 158
$4,175,000 3,996 6,500 - 8,000 sqft 5 3 1 0 1 78
$3,547,500 3,398 6,500 - 8,000 sqft 4 4 67 0 0 68
$2,685,000 2,603 6,500 - 8,000 sqft 3 3 86 1 1 24