Deric Rangell

Downey, CA 90240

Single-Family Homes

Sentinel Realty Partners | Broker-Owner



Downey, CA 90240

Tue Oct 15 2019
This week the median list price for Downey, CA 90240 is $699,950 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has held steady at or around 33. Click here to stay informed with the Downey 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.

Downey, CA 90240

Tue Oct 15 2019
This week the median list price for Downey, CA 90240 is $699,950 with the market action index hovering around 42. This is less than last month's market action index of 45. Inventory has held steady at or around 33. Click here to stay informed with the Downey 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 Downey market.
Median List Price $699,950
Per Square Foot $409
Days on Market 112
Price Decreased 48%
Price Increased 3%
Relisted 3%
Inventory 33
Median House Rent
Most Expensive $3,499,777
Least Expensive $559,950
Market Action Index
Slight Seller's Advantage
42

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
$1,674,500 4,257 0.25 - 0.5 acre 4 4 64 0 1 105
$854,450 2,426 8,000 - 10,000 sqft 3 2 67 1 1 81
$687,450 1,684 6,500 - 8,000 sqft 3 1 69 1 2 104
$579,950 1,342 4,500 - 6,500 sqft 3 1 67 1 2 150