$7,950,000
5,500 SqFt
7 Beds
•9 Full Baths
Felix Li, Listing Office: Keller Williams Realty
Is Laurel Canyon, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Laurel Canyon has remained a Neutral Market.
Key Takeaway
Laurel Canyon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Laurel Canyon, CA
How much do homes in Laurel Canyon, CA cost?
Median Sold Price
$2,400,000
$965/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$285,000(+13.5%)
Key Takeaway
Homes in Laurel Canyon have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Laurel Canyon was $2,400,000 in October 2024, up 13.5% from last year, and the median price per square foot was $965.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $950K | $850K | -10.5% |
| 2 Bedrooms | $1.4M | $1.6M | +17.9% |
| 3 Bedrooms | $1.9M | $2.4M | +26.3% |
| 4 Bedrooms | $3.1M | $2.7M | -14.7% |
| 5+ Bedrooms | $8.8M | $2.9M | -66.7% |
Summary: Laurel Canyon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 17.9%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 14.7%, and 5+ bedroom homes decreased by 66.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Laurel Canyon | $2.1M | $2.4M | +13.5% |
| Hollywood Hills West | $2.5M | $2.6M | +5.1% |
| Center City | $890K | $907.5K | +2.0% |
| Central LA | $1.3M | $1.3M | -1.2% |
Housing Supply in Laurel Canyon, CA
How many homes are available in Laurel Canyon, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 85 | 90 | +5.9% |
Summary: The Laurel Canyon real estate market had 90 homes for sale in October 2024, a 5.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Laurel Canyon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 14 | +55.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Canyon, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Laurel Canyon in October 2024, up by 55.6% month-over-month. Of the 14 sold homes, 86% were sold under asking, 7% were sold at asking, and 7% were sold over asking.
Days on Market for Laurel Canyon, CA
How long does it take to sell a home in Laurel Canyon, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 60 Days | +114.5% |
Summary: Homes in Laurel Canyon had an average of 60 days on market in Oct 2024, up by 114.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Laurel Canyon has remained consistent over time.
Summary: During October 2024, 14 homes were sold in Laurel Canyon; 36% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.