$78,000
0.11 Acres
Land
Jacqueline Jance, Listing Office: Keller Williams Larchmont
Is Northeast LA, 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, Northeast LA has remained a Seller's Market.
Key Takeaway
Northeast LA is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northeast LA, CA
How much do homes in Northeast LA, CA cost?
Median Sold Price
$1,193,457
$836/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,410(+3.1%)
Key Takeaway
Homes in Northeast LA have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Northeast LA was $1,193,457 in October 2024, up 3.1% from last year, and the median price per square foot was $836.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $695K | $672.5K | -3.2% |
| 2 Bedrooms | $950K | $970K | +2.1% |
| 3 Bedrooms | $1.2M | $1.2M | +1.1% |
| 4 Bedrooms | $1.4M | $1.4M | -0.6% |
| 5+ Bedrooms | $1.3M | $1.5M | +11.9% |
Summary: Northeast LA housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 11.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland Park | $1.1M | $1.1M | +9.1% |
| Eagle Rock | $1.2M | $1.3M | +5.5% |
| Northeast LA | $1.1M | $1.1M | +3.1% |
| Mount Washington | $1.2M | $1.2M | +2.9% |
| Glassell Park | $1.1M | $1.1M | -1.3% |
Housing Supply in Northeast LA, CA
How many homes are available in Northeast LA, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 265 | 301 | +13.6% |
Summary: The Northeast LA real estate market had 301 homes for sale in October 2024, a 13.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 89 | 86 | -3.4% |
| 3 Bedrooms | 101 | 115 | +13.9% |
| 4 Bedrooms | 45 | 56 | +24.4% |
| 5+ Bedrooms | 21 | 33 | +57.1% |
Summary: The Northeast LA housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 58 | 67 | +15.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast LA, you could pay more than the asking price. 53.7% of homes here sold above asking price last month.
Summary: A total of 67 homes were sold or pending in Northeast LA in October 2024, up by 15.5% month-over-month. Of the 67 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Northeast LA, CA
How long does it take to sell a home in Northeast LA, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 30 Days | +25.0% |
Summary: Homes in Northeast LA had an average of 30 days on market in Oct 2024, up by 25% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northeast LA are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 67 homes were sold in Northeast LA; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% 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.