Is Los Angeles County, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Los Angeles County has remained a Seller's Market.
Housing Prices in Los Angeles County, CA
How much do homes in Los Angeles County, CA cost?
Median Sold Price
$890,420
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Los Angeles County was $890,420 in June 2024, up 5.8% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $486.1K | $508.6K | +4.6% |
2 Bedrooms | $677.2K | $714.2K | +5.5% |
3 Bedrooms | $821.5K | $859.5K | +4.6% |
4 Bedrooms | $997.9K | $1.0M | +6.7% |
5+ Bedrooms | $1.7M | $1.7M | +5.7% |
Summary: Los Angeles County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Counties
Orange County | $966.8K | $1.1M | +14.6% |
Ventura County | $800.9K | $854.3K | +6.7% |
Los Angeles County | $841.5K | $890.4K | +5.8% |
San Bernardino County | $489.7K | $512.8K | +4.7% |
Kern County | $350K | $360K | +2.9% |
Housing Supply in Los Angeles County, CA
How many homes are available in Los Angeles County, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18,166 | 19,213 | +5.8% |
Summary: The Los Angeles County real estate market had 19,213 homes for sale in June 2024, a 5.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 873 | 963 | +10.3% |
2 Bedrooms | 3,687 | 3,905 | +5.9% |
3 Bedrooms | 6,247 | 6,419 | +2.8% |
4 Bedrooms | 4,023 | 4,240 | +5.4% |
5+ Bedrooms | 3,336 | 3,686 | +10.5% |
Summary: The Los Angeles County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.3%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
4,267 | 3,829 | -10.3% |
Asking Price vs. Sold Price
1,321 Homes Were Sold
Under Asking
560 Homes Were Sold
At Asking
1,947 Homes Were Sold
Over Asking
Summary: A total of 3,829 homes were sold or pending in Los Angeles County in June 2024, down by 10.3% month-over-month. Of the 3,828 sold homes, 35% were sold under asking, 15% were sold at asking, and 51% were sold over asking.
Days on Market for Los Angeles County, CA
How long does it take to sell a home in Los Angeles County, CA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
28 Days | 27 Days | -2.1% |
Summary: Homes in Los Angeles County had an average of 27 days on market in Jun 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
2,788 Homes Were Sold
Under 30 Days
835 Homes Were Sold
In 30 - 90 Days
206 Homes Were Sold
Over 90 Days
Summary: During June 2024, 3829 homes were sold in Los Angeles County; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.