Housing Market Report
Artesia, CA
Single-Family Homes
Michael Del Rosario | CerritosLiving.com
Artesia, CA
Sun Jul 21 2019
This week the median list price for Artesia, CA is $514,475 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 24.
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 off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.
Real-Time Market Profile
| Median List Price | $514,475 | |
| Per Square Foot | $444 | |
| Days on Market | 60 | |
| Price Decreased | 46% | |
| Price Increased | 4% | |
| Relisted | 13% | |
| Inventory | 24 | |
| Median House Rent | $200 | |
| Most Expensive | $2,999,000 | |
| Least Expensive | $265,000 | |
| Market Action Index Slight Seller's Advantage | 38 |
Again this week we see a downward notch for prices. Prices continue to pull back from the market’s highs. 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 |
|---|---|---|---|---|---|---|---|---|
| $749,486 | 1,928 | 4,500 - 6,500 sqft | 4 | 2 | NaN | 1 | 0 | 56 |
| $594,444 | 1,466 | 4,500 - 6,500 sqft | 3 | 2 | NaN | 0 | 0 | 57 |
| $495,000 | 1,027 | 0 - 4,500 sqft | 3 | 2 | NaN | 0 | 0 | 42 |
| $397,500 | 692 | 0 - 4,500 sqft | 2 | 1 | NaN | 1 | 1 | 87 |