Deric Rangell

Downey, CA 90240

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Downey, CA 90240

Mon Apr 22 2019
This week the median list price for Downey, CA 90240 is $789,900 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 39. 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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Downey, CA 90240

Mon Apr 22 2019
This week the median list price for Downey, CA 90240 is $789,900 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has held steady at or around 39. 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

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Downey market.
Median List Price $789,900
Per Square Foot $361
Days on Market 116
Price Decreased 33%
Price Increased 3%
Relisted 21%
Inventory 39
Median House Rent $2,995
Most Expensive $3,500,000
Least Expensive $540,000
Market Action Index
Strong Seller's Market
47

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. 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
$1,688,888 5,528 0.25 - 0.5 acre 6 5 12 0 2 170
$933,900 2,618 8,000 - 10,000 sqft 4 2 64 1 2 144
$712,000 1,849 6,500 - 8,000 sqft 3 1 67 1 1 72
$569,500 1,395 4,500 - 6,500 sqft 3 1 66 3 5 85