The Westwood neighborhood of Los Angeles is covered by the 90024 zip code and is the home of U.C.L.A. and the upscale Wilshire Corridor, the latter making up the majority of the condo statistics below.
There is a heavy concentration of apartments, condos, and commercial properties in Westwood, mostly south of Wilshire Blvd., with the exception of Westwood Village. North of Wilshire is mostly more expensive single family housing.
Let’s check out the market for the month of October:
OCTOBER SINGLE FAMILY MARKET REPORT |
# Homes | List/Sales Price | ||
For sale | 15 | $1,049,000 to $26,000,000 | |
Under contract | 15 | $994,300 to $3,995,000 | |
Sold | 14 | $1,110,000 to $3,350,000 | |
October sold median price | $1,775,000 |
COMPARISON TO SEPTEMBER |
For sale | +6 | |
Under contract | +8 | |
Sold | +8 | |
Sold median price | +36.80% |
MARKET ABSORPTION |
Market history | 1 month | 3 months | 6 months | 12 months |
Closed transactions | 20 | 70 | 138 | 282 |
Average sold per month | 20.00 | 23.33 | 23.00 | 23,50 |
Homes currently for sale | 84 | 84 | 84 | 84 |
Months supply on the market | 1.1 | 1.7 | 1.8 | 1.9 |
WESTWOOD SINGLE FAMILY HOMES A SELLERS’ MARKET |
Less than 5 months | 5-7 months | More than 7 months |
Sellers’ market | Balanced market | Buyers’ market |
The number of single family homes sold in October was up by 8 over the previous month, and the sold median price shot up by 37.8% from $1,297,500 to $1,775,000.
The median price of homes listed for sale in October is $1,78,500, but the median price of all active listings is $1,975,000.
With inventory this low, Westwood is an extreme sellers’ market.
OCTOBER CONDO MARKET REPORT |
# Homes | List/Sales Price | ||
Condos for sale | 84 | $175,000 to $11,995,000 | |
Condos under contract | 51 | $279,000 to $2,950,000 | |
Condos sold | 20 | $320,000 to $6,550,000 | |
October sold median price | $557,200 |
COMPARISON TO SEPTEMBER |
For sale | +19 | |
Under contract | +25 | |
Sold | -1 | |
Sold median price | +2.71% |
MARKET ABSORPTION |
Market history | 1 month | 3 months | 6 months | 12 months |
Closed transactions | 20 | 70 | 138 | 282 |
Average sold per month | 20.00 | 23.33 | 23.00 | 23,50 |
Homes currently for sale | 84 | 84 | 84 | 84 |
Months supply on the market | 4.2 | 3.6 | 3.7 | 3.6 |
WESTWOOD CONDOS A SELLERS’ MARKET |
Westwood condo sales are down by 1 over September, but the median prices is up $2.71% from $542,500 to $557,200.Homes listed for sale in October have a median price of $749,000, but the overall median price is $787,500.The Westwood condo market is a seller’s market, the bulk of the inventory sitting on the higher priced
Wilshire Corridor.Westwood homes for sale
(Samples below)
- List View
- Map View
- Grid View
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Lot Size28,149 sqft
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Home Size1,558 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1963
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Days on Market1
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Lot Size1.43 ac
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Home Size1,679 sqft
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Beds2 Beds
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Baths3 Baths
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Year Built1964
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Days on Market4
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Lot Size2,814 sqft
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Home Size1,179 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1920
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Days on Market4
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Lot Size7,754 sqft
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Home Size1,510 sqft
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Beds2 Beds
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Baths3 Baths
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Year Built2009
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Days on Market5
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Lot Size1.00 ac
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Home Size584 sqft
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Beds1 Bed
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Baths1 Bath
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Year Built1969
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Days on Market5
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Lot Size5,411 sqft
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Home Size4,546 sqft
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Beds4 Beds
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Baths6 Baths
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Year Built2022
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Days on Market5
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Lot Size7,502 sqft
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Home Size5,312 sqft
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Beds
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Baths
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Year Built1953
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Days on Market6
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Lot Size
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Home Size3,287 sqft
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Beds3 Beds
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Baths4 Baths
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Year Built2021
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Days on Market7
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Lot Size5,193 sqft
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Home Size2,562 sqft
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Beds
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Baths
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Year Built1926
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Days on Market8
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Lot Size2.30 ac
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Home Size741 sqft
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Beds1 Bed
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Baths2 Baths
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Year Built1972
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Days on Market8
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Lot Size36,138 sqft
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Home Size1,338 sqft
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Beds2 Beds
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Baths3 Baths
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Year Built1990
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Days on Market8
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Lot Size38,887 sqft
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Home Size1,046 sqft
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Beds1 Bed
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Baths2 Baths
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Year Built1965
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Days on Market11
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Lot Size16,841 sqft
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Home Size757 sqft
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Beds1 Bed
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Baths1 Bath
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Year Built1974
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Days on Market11
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Lot Size1.96 ac
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Home Size1,219 sqft
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Beds2 Beds
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Baths2 Baths
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Year Built1975
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Days on Market12
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See all West Hollywood Homes for Sale.
(all data current as of
8/8/2022)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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