$5,344 Closing Credit*
$449,999
836 SqFt
2 Beds
•1 Full Bath
Dionne Survert, Listing Office: Spartan Premier Properties
Is Los Angeles, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Los Angeles was a Seller's Market.
Key Takeaway
Los Angeles 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 Los Angeles, CA
How much do homes in Los Angeles, CA cost?
Median Sold Price
$1,021,532
$640/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$50,573(+5.2%)
Key Takeaway
Homes in Los Angeles have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Los Angeles was $1,021,532 in November 2024, up 5.2% from last year, and the median price per square foot was $640.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $518.7K | $520.3K | 0.3% |
| 2 Bedrooms | $743.3K | $767.6K | +3.3% |
| 3 Bedrooms | $932.7K | $984.8K | +5.6% |
| 4 Bedrooms | $1.2M | $1.2M | +1.4% |
| 5+ Bedrooms | $2.0M | $2.0M | -1.6% |
Summary: Los Angeles housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Los Angeles | $970.9K | $1.0M | +5.2% |
| Inglewood | $710K | $745K | +4.9% |
| Beverly Hills | $3.2M | $3.2M | -0.9% |
| Culver City | $1.2M | $1.2M | -4.1% |
| West Hollywood | $1.2M | $1.0M | -12.5% |
Housing Supply in Los Angeles, CA
How many homes are available in Los Angeles, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8,715 | 8,661 | -0.6% |
Summary: The Los Angeles real estate market had 8,661 homes for sale in November 2024, a 0.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 469 | 482 | +2.8% |
| 2 Bedrooms | 1,957 | 1,944 | -0.7% |
| 3 Bedrooms | 2,614 | 2,487 | -4.9% |
| 4 Bedrooms | 1,825 | 1,787 | -2.1% |
| 5+ Bedrooms | 1,850 | 1,961 | +6.0% |
Summary: The Los Angeles housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,616 | 1,346 | -16.7% |
Asking Price vs. Sold Price
657 Homes Were Sold
Under Asking
177 Homes Were Sold
At Asking
512 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Angeles, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.
Summary: A total of 1,346 homes were sold or pending in Los Angeles in November 2024, down by 16.7% month-over-month. Of the 1,346 sold homes, 49% were sold under asking, 13% were sold at asking, and 38% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 38 Days | +14.2% |
Summary: Homes in Los Angeles had an average of 38 days on market in Nov 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
779 Homes Were Sold
Under 30 Days
432 Homes Were Sold
In 30 - 90 Days
135 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Angeles are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 1346 homes were sold in Los Angeles; 58% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 10% 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. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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. Properties may or may not be listed by the office/agent presenting the information.