$135,000
0.15 Acres
Land
Romy Flint, Listing Office: Sotheby's International Realty
Is Northeast LA, 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, 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
$1,197,372
$847/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$36,684(+3.2%)
Key Takeaway
Homes in Northeast LA have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Northeast LA was $1,197,372 in November 2024, up 3.2% from last year, and the median price per square foot was $847.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $705K | $641K | -9.1% |
| 2 Bedrooms | $940.5K | $970K | +3.1% |
| 3 Bedrooms | $1.2M | $1.2M | +4.1% |
| 4 Bedrooms | $1.4M | $1.4M | -1.6% |
| 5+ Bedrooms | $1.4M | $1.5M | +9.8% |
Summary: Northeast LA housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 9.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Highland Park | $1.1M | $1.2M | +9.1% |
| Eagle Rock | $1.2M | $1.3M | +6.9% |
| Northeast LA | $1.1M | $1.1M | +3.2% |
| Mount Washington | $1.2M | $1.2M | +2.5% |
Housing Supply in Northeast LA, CA
How many homes are available in Northeast LA, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 269 | 268 | -0.4% |
Summary: The Northeast LA real estate market had 268 homes for sale in November 2024, a 0.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 12 | +20.0% |
| 2 Bedrooms | 81 | 88 | +8.6% |
| 3 Bedrooms | 99 | 85 | -14.1% |
| 4 Bedrooms | 48 | 46 | -4.2% |
| 5+ Bedrooms | 31 | 37 | +19.4% |
Summary: The Northeast LA housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 67 | 59 | -11.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
39 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northeast LA, you could pay more than the asking price. 66.1% of homes here sold above asking price last month.
Summary: A total of 59 homes were sold or pending in Northeast LA in November 2024, down by 11.9% month-over-month. Of the 59 sold homes, 25% were sold under asking, 8% were sold at asking, and 66% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 38 Days | 22 Days | -39.9% |
Summary: Homes in Northeast LA had an average of 22 days on market in Nov 2024, down by 39.9% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 59 homes were sold in Northeast LA; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.