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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Los Feliz is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Los Feliz was a Seller's Market.

Key Takeaway

Los Feliz is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Los Feliz, CA

How much do homes in Los Feliz, CA cost?

Median Sold Price

$1,950,000

$951/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$11,025(-0.6%)

Key Takeaway

Homes in Los Feliz have sold for 0.6% less than they did a year ago.

Summary: The median home sold price in Los Feliz was $1,950,000 in February 2024, down 0.6% from last year, and the median price per square foot was $951.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $822.1K$660K
-19.7%
2 $1.0M$997.5K
-2.3%
3 $1.9M$1.9M
+0.6%
4 $3.1M$2.2M
-26.4%
5+ $3.5M$3.4M
-3.5%

Summary: Los Feliz housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.7%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 26.4%, and 5+ bedroom homes decreased by 3.5%.

Housing Supply in Los Feliz, CA

How many homes are available in Los Feliz, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5360+13.2%

Summary: The Los Feliz real estate market had 60 homes for sale in February 2024, a 13.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 56
+20.0%
3 811
+37.5%
4 1619
+18.8%
5+ 2222
0.0%

Summary: The Los Feliz housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
109-10.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Los Feliz, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.

Summary: A total of 9 homes were sold or pending in Los Feliz in February 2024, down by 10.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 11% were sold at asking, and 56% 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

Feb 2023Feb 2024CHANGE
33 Days41 Days+24.4%

Summary: Homes in Los Feliz had an average of 41 days on market in Feb 2024, up by 24.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Los Feliz has remained consistent over time.

Summary: During February 2024, 9 homes were sold in Los Feliz; 33% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

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

Report Updated 1 Day Ago

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