Is Los Angeles, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Los Angeles is a seller's market


Difference Since September 2022

Since last year, Los Angeles has remained a Seller's Market.

Key Takeaway

Los Angeles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Los Angeles, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since September 2022


Key Takeaway

Homes in Los Angeles have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Los Angeles was $964,087 in September 2023, down 1.4% from last year, and the median price per square foot was $614.

Median Sold Price By Bedroom Count

# BEDSSep 2022Sep 2023CHANGE
1 $524.7K$515.2K
2 $768.9K$737.9K
3 $969.8K$927.7K
4 $1.3M$1.2M
5+ $2.3M$2.0M

Summary: Los Angeles housing prices by bedroom type for September 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 10%.

Median Sold Price Compared To Nearby Cities

West Hollywood
Culver City
Beverly Hills
Los Angeles

Housing Supply

How many homes are available in Los Angeles, CA?

Number of Homes For Sale

Aug 2023Sep 2023CHANGE

Summary: The Los Angeles real estate market had 7,138 homes for sale in September 2023, a 3.4% increase compared to August 2023.

Homes For Sale By Bedroom Count

# BEDSAug 2023Sep 2023CHANGE
1 401430
2 1,5971,590
3 2,1132,088
4 1,3321,415
5+ 1,4601,615

Summary: The Los Angeles housing inventory by bedroom type for September 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 7.2%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 10.6%.

Number of Homes Sold

Aug 2023Sep 2023CHANGE

Asking Price vs. Sold Price

542 Homes Were Sold
Under Asking

165 Homes Were Sold
At Asking

606 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Angeles, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.

Summary: A total of 1,313 homes were sold or pending in Los Angeles in September 2023, down by 23.2% month-over-month. Of the 1,313 sold homes, 41% were sold under asking, 13% were sold at asking, and 46% were sold over asking.

Days on Market

How long does it take to sell a home in Los Angeles, CA?

Average Sale Time

Sep 2022Sep 2023CHANGE
32 Days31 Days-2.9%

Summary: Homes in Los Angeles had an average of 31 days on market in Sep 2023, down by 2.9% compared to last year.

Breakdown of Home Sale Times

876 Homes Were Sold
Under 30 Days

337 Homes Were Sold
In 30 - 90 Days

100 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Los Angeles are selling fast, if you're buying plan to act quickly.

Summary: During September 2023, 1313 homes were sold in Los Angeles; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 3 Days Ago

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Nearby Markets

What housing markets are near Los Angeles, CA?