$7,303 Closing Credit*
$615,000
1,220 SqFt
2 Beds
•1 Full Bath
Kathy Gardner, Listing Office: Kathy Gardner
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 November 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
$901,639
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,591(+5.6%)
Key Takeaway
Homes in Los Angeles County have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Los Angeles County was $901,639 in November 2024, up 5.6% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $499.6K | $504.8K | +1.0% |
| 2 Bedrooms | $684.5K | $722.4K | +5.5% |
| 3 Bedrooms | $830.1K | $874.4K | +5.3% |
| 4 Bedrooms | $1.0M | $1.0M | +8.5% |
| 5+ Bedrooms | $1.7M | $1.8M | +4.6% |
Summary: Los Angeles County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Counties
| Orange County | $1.0M | $1.1M | +13.8% |
| Los Angeles County | $854K | $901.6K | +5.6% |
| Ventura County | $824.8K | $869.1K | +5.4% |
| San Bernardino County | $498.6K | $524.5K | +5.2% |
| Kern County | $356.3K | $359.9K | +1.0% |
Housing Supply in Los Angeles County, CA
How many homes are available in Los Angeles County, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19,403 | 18,484 | -4.7% |
Summary: The Los Angeles County real estate market had 18,484 homes for sale in November 2024, a 4.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 939 | 942 | 0.3% |
| 2 Bedrooms | 3,982 | 3,798 | -4.6% |
| 3 Bedrooms | 6,653 | 6,121 | -8.0% |
| 4 Bedrooms | 4,452 | 4,158 | -6.6% |
| 5+ Bedrooms | 3,377 | 3,465 | +2.6% |
Summary: The Los Angeles County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.3%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes increased by 2.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4,140 | 3,456 | -16.5% |
Asking Price vs. Sold Price
1,495 Homes Were Sold
Under Asking
532 Homes Were Sold
At Asking
1,428 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Angeles County, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.
Summary: A total of 3,456 homes were sold or pending in Los Angeles County in November 2024, down by 16.5% month-over-month. Of the 3,455 sold homes, 43% were sold under asking, 15% were sold at asking, and 41% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 35 Days | +18.4% |
Summary: Homes in Los Angeles County had an average of 35 days on market in Nov 2024, up by 18.4% compared to last year.
Breakdown of Home Sale Times
2,106 Homes Were Sold
Under 30 Days
1,026 Homes Were Sold
In 30 - 90 Days
324 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 November 2024, 3456 homes were sold in Los Angeles County; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% 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. 
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.
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. 
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved.