Is East LA, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, East LA has remained a Seller's Market.
Housing Prices in East LA, CA
How much do homes in East LA, CA cost?
Median Sold Price
$675,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East LA was $675,000 in April 2024, up 4% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $527.5K | $457.5K | -13.3% |
2 Bedrooms | $591.5K | $615K | +4.0% |
3 Bedrooms | $650K | $682.5K | +5.0% |
4 Bedrooms | $726K | $725K | -0.1% |
5+ Bedrooms | $750K | $825K | +10.0% |
Summary: East LA housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Neighborhoods
The Southeast | $689.9K | $720K | +4.3% |
East LA | $648.9K | $675K | +4.0% |
The Eastside | $702.5K | $725K | +3.2% |
El Sereno | $859.5K | $820.7K | -4.5% |
Housing Supply in East LA, CA
How many homes are available in East LA, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
61 | 69 | +13.1% |
Summary: The East LA real estate market had 69 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 28 | 27 | -3.6% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 4 | 11 | +175.0% |
Summary: The East LA housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes increased by 175%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in East LA in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.
Days on Market for East LA, CA
How long does it take to sell a home in East LA, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 41 Days | +11.7% |
Summary: Homes in East LA had an average of 41 days on market in Apr 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in East LA; 57% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.