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| Homes for Sale | Oct '09 | vs. Prev. Month | vs. Prev. Year |
| # Homes for Sale | 56 | 0% | 0% |
| For Sale by Owner | 3 |
50%
|
-
|
| Median List Price | $864K |
1.8%
|
3.9%
|
| Median List $/SqFt. | $528 |
0.8%
|
6.5%
|
| Homes Sold | Aug '09 | vs. Prev. Month | vs. Prev. Year |
| # Homes Sold | 15 |
36.4%
|
200%
|
| Median Sold Price | $769K |
5.1%
|
0.1%
|
| Median Sold $/SqFt. | $449 |
21.2%
|
8%
|
| % Sale to List | 97.7% |
3.1%
|
0.5%
|
How to Use This Data
Learn more about how this listing data and sold data can help you get a better understanding of market trends.
Should I Wait for a Price Reduction?
How should I use this?
Gray bars show homes that went off market with no price reductions.
Blue bars indicate one or more reductions.
Learn more about this data.
| Price Reductions |
House
|
Condo
|
Both
|
| Days on Redfin | 47 | 85 | 56 |
| % Homes with Reductions | 40.7% | 66.7% | 47.2% |
| # Of Reductions | 1 | 1 | 1 |
| Total % Reduction | 11.6% | 7.3% | 9.6% |
Based on homes sold or taken off the market between
Aug 25 and Nov 23.
Learn more about this data.
Neighborhoods Near Melrose
| Nearby Neighborhood | Median List $ | $/Sq. Ft. | % Sale to List |
| Melrose | $799K | $524 | 95.2% |
| Cbs Television City | $1,224K | $577 | - |
| Mid City West | $850K | $541 | 95.6% |
| Beverly Center | $849K | $542 | 96.8% |
| Tri-West | $549K | $565 | - |
| West Hollywood North | $469K | $540 | - |
| West Hollywood West | $1,400K | $821 | - |
| Hollywood | $540K | $455 | 95.3% |
| Greater Wilshire / Hancock Park | $852K | $434 | 97.7% |
| Mid-Wilshire | $559K | $372 | 98.2% |
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