Is Los Angeles, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Los Angeles has remained a Seller's Market.
Housing Prices in Los Angeles, CA
How much do homes in Los Angeles, CA cost?
Median Sold Price
$986,427
$631/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Los Angeles was $986,427 in April 2024, up 0.8% from last year, and the median price per square foot was $631.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $525K | $520K | -1.0% |
2 Bedrooms | $750.9K | $752.5K | 0.2% |
3 Bedrooms | $951.2K | $949.8K | -0.1% |
4 Bedrooms | $1.2M | $1.2M | -0.4% |
5+ Bedrooms | $2.2M | $2.0M | -12.2% |
Summary: Los Angeles housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 0.1%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 12.2%.
Median Sold Price Compared To Nearby Cities
Culver City | $1.2M | $1.2M | +5.3% |
Los Angeles | $978.8K | $986.4K | +0.8% |
Inglewood | $734.9K | $706.9K | -3.8% |
West Hollywood | $1.1M | $1.1M | -4.0% |
Beverly Hills | $3.5M | $3.1M | -10.3% |
Housing Supply in Los Angeles, CA
How many homes are available in Los Angeles, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6,809 | 7,822 | +14.9% |
Summary: The Los Angeles real estate market had 7,822 homes for sale in April 2024, a 14.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 422 | 493 | +16.8% |
2 Bedrooms | 1,424 | 1,629 | +14.4% |
3 Bedrooms | 2,099 | 2,292 | +9.2% |
4 Bedrooms | 1,376 | 1,603 | +16.5% |
5+ Bedrooms | 1,488 | 1,805 | +21.3% |
Summary: The Los Angeles housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.8%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes increased by 21.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,462 | 1,534 | +4.9% |
Asking Price vs. Sold Price
629 Homes Were Sold
Under Asking
204 Homes Were Sold
At Asking
701 Homes Were Sold
Over Asking
Summary: A total of 1,534 homes were sold or pending in Los Angeles in April 2024, up by 4.9% month-over-month. Of the 1,534 sold homes, 41% were sold under asking, 13% were sold at asking, and 46% were sold over asking.
Days on Market for Los Angeles, CA
How long does it take to sell a home in Los Angeles, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 34 Days | -7.9% |
Summary: Homes in Los Angeles had an average of 34 days on market in Apr 2024, down by 7.9% compared to last year.
Breakdown of Home Sale Times
1,026 Homes Were Sold
Under 30 Days
353 Homes Were Sold
In 30 - 90 Days
155 Homes Were Sold
Over 90 Days
Summary: During April 2024, 1534 homes were sold in Los Angeles; 67% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.