Local Market Report
Los Angeles, CA 90041
Single-Family Homes
Los Angeles, CA 90041
Sat Feb 27 2021
This week the median list price for Los Angeles, CA 90041 is $1,272,000 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has held steady at or around 18.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices
Real-Time Market Profile
| Median List Price | $1,272,000 | |
| Per Square Foot | $639 | |
| Days on Market | 28 | |
| Price Decreased | 6% | |
| Price Increased | 6% | |
| Relisted | 0% | |
| Inventory | 18 | |
| Median Rent | $5,525 | |
| Most Expensive | $3,999,999 | |
| Least Expensive | $780,000 | |
| Market Action | 51 | |
| Strong Seller's Market | ||
You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,942,000 | 2,941 | 0.25 - 0.5 acre | 4 | 3 | 93 | 0 | 0 | 59 |
| $1,397,500 | 2,024 | 8,000 - 10,000 sqft | 3 | 2 | 77 | 2 | 1 | 14 |
| $1,148,000 | 2,548 | 4,500 - 6,500 sqft | 3 | 3 | 56 | 0 | 0 | 21 |
| $799,900 | 1,508 | 0 - 4,500 sqft | 4 | 2 | 97 | 2 | 0 | 7 |