$4,988 Closing Credit*
$420,000
1,512 SqFt
3 Beds
•2 Full Baths
Gloria Zelaya, Listing Office: The One Luxury Properties
Is Los Angeles County, 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, Los Angeles County has remained a Seller's Market.
Key Takeaway
Los Angeles County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Angeles County, CA
How much do homes in Los Angeles County, CA cost?
Median Sold Price
$900,722
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,732(+6.0%)
Key Takeaway
Homes in Los Angeles County have sold for 6% more than they did a year ago.
Summary: The median home sold price in Los Angeles County was $900,722 in October 2024, up 6% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $499.3K | $506K | +1.3% |
| 2 Bedrooms | $680.1K | $723K | +6.3% |
| 3 Bedrooms | $827.1K | $874.7K | +5.8% |
| 4 Bedrooms | $1.0M | $1.0M | +9.2% |
| 5+ Bedrooms | $1.7M | $1.8M | +4.3% |
Summary: Los Angeles County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Counties
| Orange County | $999.7K | $1.1M | +14.9% |
| Los Angeles County | $849.9K | $900.7K | +6.0% |
| Ventura County | $820.4K | $869.7K | +6.0% |
| San Bernardino County | $492.9K | $520K | +5.5% |
| Kern County | $355K | $360K | +1.4% |
Housing Supply in Los Angeles County, CA
How many homes are available in Los Angeles County, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19,070 | 20,355 | +6.7% |
Summary: The Los Angeles County real estate market had 20,355 homes for sale in October 2024, a 6.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 940 | 1,023 | +8.8% |
| 2 Bedrooms | 3,986 | 4,116 | +3.3% |
| 3 Bedrooms | 6,560 | 6,823 | +4.0% |
| 4 Bedrooms | 4,267 | 4,673 | +9.5% |
| 5+ Bedrooms | 3,317 | 3,720 | +12.1% |
Summary: The Los Angeles County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,665 | 3,983 | +8.7% |
Asking Price vs. Sold Price
1,711 Homes Were Sold
Under Asking
559 Homes Were Sold
At Asking
1,713 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Angeles County, you could pay more than the asking price. 43% of homes here sold above asking price last month.
Summary: A total of 3,983 homes were sold or pending in Los Angeles County in October 2024, up by 8.7% month-over-month. Of the 3,983 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Los Angeles County, CA
How long does it take to sell a home in Los Angeles County, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 29 Days | 35 Days | +21.6% |
Summary: Homes in Los Angeles County had an average of 35 days on market in Oct 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
2,477 Homes Were Sold
Under 30 Days
1,127 Homes Were Sold
In 30 - 90 Days
379 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Angeles County are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3983 homes were sold in Los Angeles County; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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The listings on this site are displayed courtesy of the IDX program of Shasta Association of REALTORS and may not be the listings of the site owner. All information is deemed reliable but not guaranteed. 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.