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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Angeles is a seller's market

Buyer's
Market

Difference Since November 2020

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.

How much do homes in Los Angeles, CA cost?

Median Sold Price

$906,123

$592/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$106,406(+13.3%)

Key Takeaway

Homes in Los Angeles have sold for 13.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 $470K$499.2K
+6.2%
2 $638.3K$711.9K
+11.5%
3 $776.7K$908.3K
+16.9%
4 $983.2K$1.1M
+21.8%
5+ $1.8M$2.2M
+19.2%

Median Sold Price Compared To Nearby Cities

Culver City
+15.5%
Los Angeles
+13.3%
West Hollywood
+11.7%
Inglewood
+5.5%
Beverly Hills
+4.8%

How many homes are available in Los Angeles, CA?

Number of Homes For Sale

Oct 2021Nov 2021%
8,1287,095-12.7%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 496472
-4.8%
2 2,0601,751
-15.0%
3 2,8422,433
-14.4%
4 1,6691,474
-11.7%
5+ 1,061965
-9.0%

Number of Homes Sold

Oct 2021Nov 2021%
2,2062,062-6.5%

Asking Price vs. Sold Price

602 Homes Were Sold
Under Asking

251 Homes Were Sold
At Asking

1,209 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. 58.6% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
28 Days25 Days-13.6%

Breakdown of Home Sale Times

1,532 Homes Were Sold
Under 30 Days

432 Homes Were Sold
In 30 - 90 Days

97 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.

About Los Angeles, CA

There are 7,095 homes are for sale in Los Angeles, CA real estate market. The number of listings in Los Angeles, CA decreased by 12.7% between October 2021 and November 2021. In November 2021 median list price was $906,123 and the average listing age was 25 days. This housing market listing prices have changed between October 2021 and November 2021: prices of 1 bedroom properties increased by 6.2%, 2 bedrooms properties prices increased by 11.5%, prices of 3 bedrooms properties increased by 16.9%, the cost of 4 bedrooms properties went up by 21.8%, the cost of 5 bedrooms properties went up by 19.2%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory decreased by 4.8%, volume of 2 bedrooms homes went down by 15%, number of 3 bedrooms homes decreased by 14.4%, the quantity of 4 bedrooms homes went down by 11.7%, 5 bedrooms homes became 9% less available. While more than 1209 listings in Los Angeles, CA in November 2021 were sold above asking price, there were more than 251 listings sold at asking price, and more than 602 were sold below.

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