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 October 2021

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

$980,596

$639/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$82,069(+9.1%)

Key Takeaway

Homes in Los Angeles have sold for 9.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $495K$524.3K
+5.9%
2 $701.5K$768.6K
+9.6%
3 $899.7K$974.5K
+8.3%
4 $1.1M$1.3M
+11.1%
5+ $2.2M$2.3M
+7.3%

Median Sold Price Compared To Nearby Cities

Culver City
+29.4%
West Hollywood
+15.1%
Inglewood
+10.2%
Los Angeles
+9.1%
Beverly Hills
0.1%

How many homes are available in Los Angeles, CA?

Number of Homes For Sale

Sep 2022Oct 2022%
7,2757,512+3.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 325323
-0.6%
2 1,7061,728
+1.3%
3 2,4312,475
+1.8%
4 1,5411,583
+2.7%
5+ 1,2721,403
+10.3%

Number of Homes Sold

Sep 2022Oct 2022%
1,6711,303-22.0%

Asking Price vs. Sold Price

654 Homes Were Sold
Under Asking

190 Homes Were Sold
At Asking

459 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Angeles, you may be able to get a good deal. 50.2% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
25 Days34 Days+37.2%

Breakdown of Home Sale Times

774 Homes Were Sold
Under 30 Days

448 Homes Were Sold
In 30 - 90 Days

81 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.

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

About Los Angeles, CA

There are 7,512 homes are for sale in Los Angeles, CA real estate market. In October 2022 in Los Angeles, CA there were 3.3% more homes for sale than in September 2022. In October 2022 median list price was $980,596 and the average listing age was 34 days. This housing market listing prices have changed between September 2022 and October 2022: prices of 1 bedroom properties increased by 5.9%, 2 bedrooms properties prices increased by 9.6%, the cost of 3 bedrooms properties went up by 8.3%, 4 bedrooms properties became 11.1% more expensive, 5 bedrooms properties became 7.3% more expensive. Volume of homes for sale changed: 1 bedroom homes inventory decreased by 0.6%, 2 bedrooms homes inventory increased by 1.3%, volume of 3 bedrooms homes went up by 1.8%, the quantity of 4 bedrooms homes went up by 2.7%, number of 5 bedrooms homes increased by 10.3%. Over 459 listings were sold over their listed price in October 2022 in Los Angeles, CA. In the same period over 654 listings were sold below the listed price and 190 listings were sold for the listed price.

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