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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Angeles County is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Los Angeles County, CA cost?

Median Sold Price

$859,960

$585/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$69,495(+8.8%)

Key Takeaway

Homes in Los Angeles County have sold for 8.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $455K$500.4K
+10.0%
2 $625.3K$699.9K
+11.9%
3 $773.7K$849.7K
+9.8%
4 $929.6K$1.0M
+10.7%
5+ $1.6M$1.7M
+6.4%

Median Sold Price Compared To Nearby Counties

Orange County
+14.0%
San Bernardino County
+14.0%
Kern County
+12.9%
Ventura County
+10.5%
Los Angeles County
+8.8%

How many homes are available in Los Angeles County, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
17,95917,922-0.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 716688
-3.9%
2 3,6483,628
-0.5%
3 6,7636,632
-1.9%
4 4,2584,223
-0.8%
5+ 2,5742,751
+6.9%

Number of Homes Sold

Sep 2022Oct 2022%
4,3833,624-17.3%

Asking Price vs. Sold Price

1,757 Homes Were Sold
Under Asking

561 Homes Were Sold
At Asking

1,306 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Angeles County, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
22 Days32 Days+43.0%

Breakdown of Home Sale Times

2,225 Homes Were Sold
Under 30 Days

1,188 Homes Were Sold
In 30 - 90 Days

211 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Los Angeles County, CA

There are 17,922 homes are for sale in Los Angeles County, CA real estate market. The inventory of homes for sale in Los Angeles County, CA between September 2022 and October 2022 decreased by 0.2%. Listings spent 32 days on the market in October 2022, and had a median list price of $859,960 during the same period. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties went up by 10%, 2 bedrooms properties prices increased by 11.9%, prices of 3 bedrooms properties went up by 9.8%, 4 bedrooms properties prices increased by 10.7%, 5 bedrooms properties prices increased by 6.4%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went down by 3.9%, 2 bedrooms homes inventory decreased by 0.5%, 3 bedrooms homes inventory decreased by 1.9%, 4 bedrooms homes inventory decreased by 0.8%, the quantity of 5 bedrooms homes went up by 6.9%. While more than 1306 listings in Los Angeles County, CA in October 2022 were sold above asking price, there were more than 561 listings sold at asking price, and more than 1757 were sold below.

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