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. Click here to stay informed with the Artesia 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 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.

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. Click here to stay informed with the Artesia 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 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

Never miss important changes in the Artesia market.
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