Vera Nelson's Market Report

Los Angeles, CA

Single-Family Homes

Hythe Realty | Vera@hytherealty.com | 626-298-3025


Los Angeles, CA

Fri Dec 01 2023
This week the median list price for Los Angeles, CA is $1,499,999 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 1,269. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Angeles, CA

Fri Dec 01 2023
This week the median list price for Los Angeles, CA is $1,499,999 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has decreased to 1,269. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,499,999
Median Price of New Listings $996,250
Per Square Foot $820
Average Days on Market 101
Median Days on Market 56
Price Decreased 35%
Price Increased 4%
Relisted 13%
Inventory 1,269
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$4,570,000 4,452 0.25 - 0.5 acre 5 5 44 18 32 70
$1,999,000 2,225 4,500 - 6,500 sqft 4 3 80 23 34 49
$1,125,000 1,582 4,500 - 6,500 sqft 3 2 94 36 59 56
$649,999 1,126 4,500 - 6,500 sqft 3 2 98 53 69 49