Here’s a Snapshot of the Westside Real Estate Market as We Head Into Summer 2025

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 the 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 and 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