Miracle Mile · Los Angeles, CA

Is Now a Good Time to Sell in Miracle Mile, Los Angeles?

The median home in Miracle Mile sells for $1,784,250 with prices up 5% year-over-year. Ridley's flat fee saves you $50,029.

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Miracle Mile Real Estate Market Conditions

58out of 100

Ridley Sell Score

How it's scored →

Moderate

58/100

A balanced market with opportunities for well-priced homes.

What this means for sellers

The Miracle Mile market is balanced — neither strongly favoring buyers nor sellers. Accurate pricing is key: overpriced homes will sit, but correctly priced listings are still moving. Focus on presentation and pricing strategy to stand out. Sellers who prepare well can still achieve strong results.

Inventory TightnessNeutral

4 months of supply — near the balanced threshold of 5 months. California average is 3.5.

Price MomentumNeutral

Prices up 4.925022052% year-over-year — vs. +0.7% statewide.

Seller LeverageFavors sellers

Homes selling at 99.44% of asking — buyers are negotiating 0.6% below list. California average is 99.4%.

Bidding ActivityFavors sellers

33.33% of homes selling above list price — 12% above the California average of 29.7%.

Sale SpeedNeutral

61 median days on market — 6 days slower than the California average.

Market UrgencyFavors buyers

7.69% of listings go pending within 2 weeks — vs. 37.1% statewide.

Price StabilityFavors sellers

Only 0% of listings have dropped their price — sellers are holding firm. California average is 20.8%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

$1,784,250

+5%

Days on Market

61

Price per Sq Ft

$847

Sale-to-List Ratio

99.44%

Homes Sold

12

Sold Above List

33.33%

Pending in 2 Weeks

7.69%

Source: public market records

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Personalized pricing signals, demand shifts, and Sell Score changes for Los Angeles — delivered monthly.

Your savings

How much can you save selling in Miracle Mile?

$0Estimated savings

That could cover a year of college tuition — save 2.8% of your home value

$1,784,250

$50,000$10M

Traditional Agent (3%)

$53,528

Ridley Pro (flat fee)

$3,499

Ready to sell in Miracle Mile?

Get a personalized selling strategy with AI-powered pricing analysis

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Cost comparison

Cost to sell in Miracle Mile

Traditional AgentBest valueRidley ProRidley Essentials
Listing fee$53,528$3,499$999
Buyer agent$49,9592.8% avg$35,685~2% avg$35,685~2% avg
Closing costs (~1.5%)$26,764$26,764$26,764
Total cost$130,251$65,948$63,448
You save$50,029$52,529

Based on the Miracle Mile median home price of $1,784,250. Ridley buyer agent commission reflects the average ~2% BAC offered by Ridley sellers.

How to sell your house and save on commission in Miracle Mile

A flat fee of $3,499 instead of the typical $53,528 commission — with a dedicated agent at every step.

1

AI + expert price your home

AI-powered comps reviewed by your dedicated agent — using Miracle Mile market data so you list at the right price.

2

AI prepares your home

AI walk-through identifies what to fix, stage, and photograph. Your agent advises on what actually moves the needle.

3

Listed on MLS & 100+ sites

Professional listing syndicated to Zillow, Redfin, and everywhere Miracle Mile buyers look — plus a custom Ridley listing page with AI chat.

4

Your agent negotiates

Offer comparison, counteroffer strategy, and all back-and-forth with buyers' agents — handled by your dedicated agent.

5

Close and keep $50,029 more

Contracts, disclosures, deadline tracking, and closing coordination — from accepted offer to keys.

FAQ

Common questions about selling in Miracle Mile

Ready to sell in Miracle Mile?

Save $50,029

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