Is Los Feliz, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Los Feliz was a Seller's Market.
Key Takeaway
Los Feliz is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Los Feliz, CA
How much do homes in Los Feliz, CA cost?
Median Sold Price
$1,950,000
$950/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Los Feliz has remained the same since last year.
Summary: The median home sold price in Los Feliz was $1,950,000 in March 2024, the same as last year, and the median price per square foot was $950.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $788.5K | $692K | -12.2% |
| 2 Bedrooms | $1.0M | $1.0M | -0.5% |
| 3 Bedrooms | $1.8M | $2.0M | +8.3% |
| 4 Bedrooms | $3.1M | $2.2M | -28.1% |
| 5+ Bedrooms | $3.6M | $3.4M | -4.8% |
Summary: Los Feliz housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.2%, 2 bedroom homes decreased by 0.5%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 28.1%, and 5+ bedroom homes decreased by 4.8%.
Housing Supply in Los Feliz, CA
How many homes are available in Los Feliz, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 73 | +32.7% |
Summary: The Los Feliz real estate market had 73 homes for sale in March 2024, a 32.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 6 | 11 | +83.3% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 18 | 23 | +27.8% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Los Feliz housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 83.3%, 3 bedroom homes increased by 55.6%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Feliz, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Los Feliz in March 2024, down by 20.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 0% were sold at asking, and 63% were sold over asking.
Days on Market for Los Feliz, CA
How long does it take to sell a home in Los Feliz, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 33 Days | 23 Days | -29.9% |
Summary: Homes in Los Feliz had an average of 23 days on market in Mar 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Feliz are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Los Feliz; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.