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 February 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
$867,259
$582/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Los Angeles County was $867,259 in February 2024, up 0.9% from last year, and the median price per square foot was $582.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $500.2K | $499.9K | -0.1% |
2 Bedrooms | $699.1K | $698.7K | -0.1% |
3 Bedrooms | $847.4K | $842.7K | -0.6% |
4 Bedrooms | $1.0M | $1.0M | 0.0% |
5+ Bedrooms | $1.7M | $1.7M | -0.6% |
Summary: Los Angeles County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Counties
Orange County | $990.6K | $1.0M | +5.9% |
Ventura County | $820.9K | $839.8K | +2.3% |
Los Angeles County | $859.1K | $867.2K | +0.9% |
San Bernardino County | $499.9K | $500K | 0.0% |
Housing Supply in Los Angeles County, CA
How many homes are available in Los Angeles County, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13,460 | 14,377 | +6.8% |
Summary: The Los Angeles County real estate market had 14,377 homes for sale in February 2024, a 6.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 705 | 751 | +6.5% |
2 Bedrooms | 2,727 | 2,951 | +8.2% |
3 Bedrooms | 4,655 | 4,825 | +3.7% |
4 Bedrooms | 2,954 | 3,176 | +7.5% |
5+ Bedrooms | 2,419 | 2,674 | +10.5% |
Summary: The Los Angeles County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
2,767 | 2,880 | +4.1% |
Asking Price vs. Sold Price
1,115 Homes Were Sold
Under Asking
462 Homes Were Sold
At Asking
1,303 Homes Were Sold
Over Asking
Summary: A total of 2,880 homes were sold or pending in Los Angeles County in February 2024, up by 4.1% month-over-month. Of the 2,880 sold homes, 39% were sold under asking, 16% were sold at asking, and 45% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
44 Days | 37 Days | -16.0% |
Summary: Homes in Los Angeles County had an average of 37 days on market in Feb 2024, down by 16% compared to last year.
Breakdown of Home Sale Times
1,834 Homes Were Sold
Under 30 Days
703 Homes Were Sold
In 30 - 90 Days
343 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2880 homes were sold in Los Angeles County; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.