$10,000 Closing Credit*
$2,095,000
2,126 SqFt
3 Beds
•3 Full Baths
Elizabeth Friedman, Listing Office: Chelsea Properties
Is Los Angeles, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
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 in Los Angeles, CA
How much do homes in Los Angeles, CA cost?
Median Sold Price
$1,013,623
$640/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$50,236(+5.2%)
Key Takeaway
Homes in Los Angeles have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Los Angeles was $1,013,623 in August 2024, up 5.2% from last year, and the median price per square foot was $640.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $518.6K | $520.3K | 0.3% |
| 2 Bedrooms | $735.8K | $771.1K | +4.8% |
| 3 Bedrooms | $926.7K | $981K | +5.9% |
| 4 Bedrooms | $1.2M | $1.2M | +2.4% |
| 5+ Bedrooms | $2.0M | $2.0M | +1.2% |
Summary: Los Angeles housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
| Culver City | $1.1M | $1.2M | +10.5% |
| Los Angeles | $963.3K | $1.0M | +5.2% |
| Inglewood | $718.3K | $727.5K | +1.3% |
| West Hollywood | $1.2M | $1.0M | -13.3% |
| Beverly Hills | $3.5M | $3.0M | -13.3% |
Housing Supply in Los Angeles, CA
How many homes are available in Los Angeles, CA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8,352 | 8,956 | +7.2% |
Summary: The Los Angeles real estate market had 8,956 homes for sale in August 2024, a 7.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 457 | 514 | +12.5% |
| 2 Bedrooms | 1,872 | 1,982 | +5.9% |
| 3 Bedrooms | 2,520 | 2,659 | +5.5% |
| 4 Bedrooms | 1,734 | 1,844 | +6.3% |
| 5+ Bedrooms | 1,769 | 1,957 | +10.6% |
Summary: The Los Angeles housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1,639 | 1,609 | -1.8% |
Asking Price vs. Sold Price
728 Homes Were Sold
Under Asking
213 Homes Were Sold
At Asking
668 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Angeles, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.
Summary: A total of 1,609 homes were sold or pending in Los Angeles in August 2024, down by 1.8% month-over-month. Of the 1,609 sold homes, 45% were sold under asking, 13% were sold at asking, and 42% were sold over asking.
Days on Market for Los Angeles, CA
How long does it take to sell a home in Los Angeles, CA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 31 Days | 34 Days | +7.1% |
Summary: Homes in Los Angeles had an average of 34 days on market in Aug 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
1,007 Homes Were Sold
Under 30 Days
486 Homes Were Sold
In 30 - 90 Days
116 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Angeles are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 1609 homes were sold in Los Angeles; 63% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 7% 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. 
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
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