Single-Family Homes in West Los Angeles

If you're in the market for a single-family residence in Los Angeles' 90025 zip code, staying up-to-date on the latest market trends is essential. According to recent data, the median list price for single-family homes in 90025 is currently $2,335,000. However, the market has been cooling off consistently for several weeks, with an increase in inventory and a decrease in demand leading to lower prices. The Market Action Index (MAI) currently stands at 12, indicating the market favoring buyers.

The MAI is an important metric for understanding the state of the real estate market in 90025. If it falls into the Buyer's zone, as it has in this case, prices are likely to continue their downward trend until there is some turnaround in market action. This means that buyers have more bargaining power than sellers, and prices are likely to be more favorable for those looking to purchase a home in the area.

The median list price of single-family homes in 90025 is currently $2,335,000, and the average amount of time it takes for a home to sell (also known as the average days on the market) is 57 days. This figure provides a general idea of how long it might take for a single-family home in 90025 to sell. Still, it's important to note that this can vary depending on various factors, including the home's condition, the specific neighborhood, and current market conditions.

Condo Market Data West Los Angeles

The condo market in Los Angeles' 90025 zip code is heating up, with strong demand from buyers increasing the median list price. According to recent data, the median list price for condos in 90025 is currently $1,000,007, with the Market Action Index hovering around 72. This represents an increase over last month's Market Action Index of 63, indicating that the market is becoming increasingly favorable for sellers.

Inventory has also increased to 19, but home sales continue to outstrip supply, driving up prices and creating a Seller's market. If this trend continues, there may be upward pricing pressure in the near future as buyers compete for limited inventory.

For those looking to buy or sell a condo in 90025, staying up-to-date on the latest market trends and working with a trusted real estate agent who can provide personalized guidance based on your unique situation is essential. The Market Action Index is a valuable metric for understanding the state of the real estate market in 90025 and can help buyers and sellers make informed decisions.

Single-Family Residence and Condo Combined Overall Market Data West Los Angeles

Overall, the condo market in 90025 is currently favoring sellers, with high demand and limited supply driving up prices. By staying informed and working with a professional real estate agent, you can navigate the market successfully and achieve your real estate goals.

According to Redfin data from March 2023, 90025 home prices were up 8.1% compared to the previous year. This overall market overview includes both condos and single-family residences combined. On average, homes sell for about 1% below the list price and go pending in around 52 days. However, homes priced well and in high demand can sell for about 3% above the list price and go pending in around 31 days.

Hire Us As Your Realtor

Choosing the right real estate agent is critical to achieving your goals if you're looking to buy or sell a home in West Los Angeles, 90025 zip code. As a local expert with extensive knowledge of the 90025 markets, I have a proven track record of helping clients navigate the buying and selling process. By working with me as your realtor, you'll benefit from personalized guidance and support every step of the way. Whether you're a first-time homebuyer or a seasoned seller, I'll work tirelessly to ensure your real estate transaction is as smooth and successful as possible. So if you're ready to take the next step in your real estate journey, don't hesitate to contact me today. Together, we can make your real estate dreams a reality in West Los Angeles' 90025.