$2,799,000
3,162 SqFt
5 Beds
•5 Full Baths, 1 Partial
Peyman Zargari, Listing Office: Fact Realty
Is West Los Angeles, 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, West Los Angeles has remained a Seller's Market.
Key Takeaway
West Los Angeles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in West Los Angeles, CA
How much do homes in West Los Angeles, CA cost?
Median Sold Price
$1,297,044
$749/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$72,956(-5.3%)
Key Takeaway
Homes in West Los Angeles have sold for 5.3% less than they did a year ago.
Summary: The median home sold price in West Los Angeles was $1,297,044 in October 2024, down 5.3% from last year, and the median price per square foot was $749.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $583.2K | $609.2K | +4.5% |
| 2 Bedrooms | $1.0M | $990K | -2.2% |
| 3 Bedrooms | $1.8M | $1.7M | -7.3% |
| 4 Bedrooms | $2.3M | $2.3M | 0.1% |
| 5+ Bedrooms | $3.5M | $3.5M | +1.8% |
Summary: West Los Angeles housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Century City | $1.3M | $1.4M | +3.4% |
| Westwood | $1.2M | $1.2M | -1.2% |
| West Los Angeles | $1.3M | $1.2M | -5.3% |
| Cheviot Hills | $2.9M | $2.6M | -9.9% |
| Rancho Park | $1.7M | $1.5M | -11.3% |
Housing Supply in West Los Angeles, CA
How many homes are available in West Los Angeles, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 52 | 57 | +9.6% |
Summary: The West Los Angeles real estate market had 57 homes for sale in October 2024, a 9.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 22 | 20 | -9.1% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The West Los Angeles housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 10 | -33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Los Angeles, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in West Los Angeles in October 2024, down by 33.3% month-over-month. Of the 10 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for West Los Angeles, CA
How long does it take to sell a home in West Los Angeles, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 38 Days | +50.1% |
Summary: Homes in West Los Angeles had an average of 38 days on market in Oct 2024, up by 50.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Los Angeles are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in West Los Angeles; 60% of homes were sold within 30 days, 30% 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.