Housing Market Report

Artesia, CA

Single-Family Homes

Michael Del Rosario | CerritosLiving.com



Artesia, CA

Fri Aug 23 2019
This week the median list price for Artesia, CA is $605,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 25. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Artesia, CA

Fri Aug 23 2019
This week the median list price for Artesia, CA is $605,000 with the market action index hovering around 39. This is less than last month's market action index of 40. Inventory has held steady at or around 25. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Artesia market.
Median List Price $605,000
Per Square Foot $424
Days on Market 63
Price Decreased 44%
Price Increased 0%
Relisted 4%
Inventory 25
Median House Rent
Most Expensive $2,899,000
Least Expensive $269,999
Market Action Index
Slight Seller's Advantage
39

The market seems to have paused around this plateau. 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
$918,950 2,683 0.25 - 0.5 acre 4 3 58 0 0 56
$713,700 1,637 4,500 - 6,500 sqft 3 2 59 0 0 28
$534,419 1,414 0 - 4,500 sqft 3 2 69 1 1 66
$418,500 736 0 - 4,500 sqft 2 1 65 1 1 99