Deric Rangell

Downey, CA 90240

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Downey, CA 90240

Tue Feb 19 2019
This week the median list price for Downey, CA 90240 is $704,475 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 38. Click here to stay informed with the Downey 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.

Downey, CA 90240

Tue Feb 19 2019
This week the median list price for Downey, CA 90240 is $704,475 with the market action index hovering around 40. This is an increase over last month's market action index of 39. Inventory has held steady at or around 38. Click here to stay informed with the Downey 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 Downey market.
Median List Price $704,475
Per Square Foot $383
Days on Market 96
Price Decreased 32%
Price Increased 0%
Relisted 5%
Inventory 38
Median House Rent $5,850
Most Expensive $3,500,000
Least Expensive $479,000
Market Action Index
Slight Seller's Advantage
40

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
$1,099,900 3,587 0.25 - 0.5 acre 5 3 55 0 1 171
$777,000 1,959 6,500 - 8,000 sqft 3 1 66 0 0 41
$627,000 1,797 4,500 - 6,500 sqft 3 1 67 2 2 65
$527,499 1,236 4,500 - 6,500 sqft 3 1 69 2 2 110