Is Laurel Canyon, 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, Laurel Canyon has remained a Buyer's Market.
Key Takeaway
Laurel Canyon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel Canyon, CA
How much do homes in Laurel Canyon, CA cost?
Median Sold Price
$2,190,400
$1,047/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Laurel Canyon have sold for 12.7% less than they did a year ago.
Summary: The median home sold price in Laurel Canyon was $2,190,400 in April 2024, down 12.7% from last year, and the median price per square foot was $1,047.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $851K | $750.7K | -11.8% |
| 2 Bedrooms | $1.1M | $1.4M | +32.3% |
| 3 Bedrooms | $2.4M | $2.1M | -9.5% |
| 4 Bedrooms | $2.9M | $3.3M | +16.1% |
| 5+ Bedrooms | $3.6M | $3.1M | -15.3% |
Summary: Laurel Canyon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes increased by 32.3%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Center City | $875K | $900K | +2.9% |
| Hollywood Hills West | $2.5M | $2.5M | 0.4% |
| Central LA | $1.3M | $1.3M | -1.9% |
| Laurel Canyon | $2.5M | $2.1M | -12.7% |
Housing Supply in Laurel Canyon, CA
How many homes are available in Laurel Canyon, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 54 | 71 | +31.5% |
Summary: The Laurel Canyon real estate market had 71 homes for sale in April 2024, a 31.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 5 | 9 | +80.0% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 17 | 22 | +29.4% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Laurel Canyon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 26.3%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 10 | +66.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Laurel Canyon, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Laurel Canyon in April 2024, up by 66.7% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Laurel Canyon, CA
How long does it take to sell a home in Laurel Canyon, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 37 Days | +120.6% |
Summary: Homes in Laurel Canyon had an average of 37 days on market in Apr 2024, up by 120.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel Canyon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 10 homes were sold in Laurel Canyon; 70% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 20% 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.