Vermont Square currently tilts toward sellers, with the market gauge at 22 out of 100 indicating buyers have a bit more leverage than in a very hot market. With typical home values around $692,000 compared with $1,010,000 in Los Angeles overall, this neighborhood offers relatively lower prices within the city while still favoring sellers.
Several factors help explain why conditions lean this way. Inventory has risen to 89 homes, up about 7 percent month over month and nearly 10 percent year over year, while new listings sit at 65 and pending sales are flat compared with last year, giving buyers more options without fully tipping the balance.
Pricing trends show a nuanced picture for both sides of the table. Typical home values are down 3.89 percent year over year and 1.0 percent month over month to $692,000, yet the median list price has climbed to $850,000, up just over 3 percent in a month, and homes are taking longer to sell at a median of 93.5 days, so only about 21 percent of sales close above list with an average sale-to-list ratio near 0.96. Projections for next month suggest slight shifts, with a projected typical value of $688,500, a median list price of $862,500, and inventory near 92, and Agent Pronto can help both buyers and sellers navigate these dynamics by connecting them with a skilled local agent.
