Deric Rangell

Downey, CA 90240

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Downey, CA 90240

Sat Aug 17 2019
This week the median list price for Downey, CA 90240 is $690,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 47. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Downey, CA 90240

Sat Aug 17 2019
This week the median list price for Downey, CA 90240 is $690,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 47. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its 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 Downey market.
Median List Price $690,000
Per Square Foot $382
Days on Market 74
Price Decreased 19%
Price Increased 4%
Relisted 6%
Inventory 47
Median House Rent $2,375
Most Expensive $3,499,777
Least Expensive $495,000
Market Action Index
Slight Seller's Advantage
44

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
$1,190,000 3,960 0.25 - 0.5 acre 4 3 64 0 1 113
$744,950 1,833 6,500 - 8,000 sqft 3 2 67 2 2 33
$669,499 1,664 4,500 - 6,500 sqft 3 1 67 3 0 74
$557,475 1,496 4,500 - 6,500 sqft 3 1 66 1 1 78