Westside Market Overview (May–June 2025)
Buyer-Leaning Market
Inventory is up—and quick: roughly 429 active listings in May, a 17.5 % increase from April
Over 55 % of recent sales closed below asking price
Average listing age stands at 87 days
The Westside saw a median listing price of around $1.39 million in May 2025, marking just a +2.7 % increase year-over-year
Region-wide, the Los Angeles market shows about 3.6 months of supply, clearly favoring buyers
Neighborhood Highlights
Luxury areas like Santa Monica and Brentwood remain strong
Santa Monica homes sold in ~25 days with prices averaging $4.2–6 million
Brentwood homes sold on average in 40 days
In ultra‑high‑end enclaves -Bel Air, Holmby Hills, Beverly Hills, pricing remains firmly set based on prestige and amenities
Market Forces & Trends
Mortgage rates are hovering around 6–7 % and continue to temper buyer activity
Sellers are accepting price cuts. Staging, pre-listing inspections especially in non-luxury brackets— are being used to attract attention
Condition matters in this market. New construction and clean, contemporary looks sell more quickly
Recovery from recent wildfires (Palisades and Malibu) has pushed buyers toward fire-safe zones such as Santa Monica and Brentwood and Manhattan Beach
Summer 2025 Takeaway
Westside Los Angeles is entering a more balanced—but buyer-favored market. While luxury segments are still moving quickly, broader inventory increases
and modest if negligible price growth let buyers negotiate more freely. Sellers who price appropriately, stage well, and are patient are seeing success.
For buyers, timing could be ideal: more opportunities, fewer bidding wars, and still-strong neighborhood appeal.