Is Northeast LA, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Northeast LA has remained a Seller's Market.
Housing Prices in Northeast LA, CA
How much do homes in Northeast LA, CA cost?
Median Sold Price
$1,150,000
$823/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Northeast LA was $1,150,000 in April 2024, down 2.1% from last year, and the median price per square foot was $823.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $650K | $685K | +5.4% |
2 Bedrooms | $915K | $926K | +1.2% |
3 Bedrooms | $1.2M | $1.1M | -5.5% |
4 Bedrooms | $1.4M | $1.5M | +1.9% |
5+ Bedrooms | $1.5M | $1.2M | -16.7% |
Summary: Northeast LA housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.4%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 16.7%.
Median Sold Price Compared To Nearby Neighborhoods
Glassell Park | $1.1M | $1.1M | +1.7% |
Highland Park | $1.1M | $1.1M | +0.9% |
Northeast LA | $1.1M | $1.1M | -2.1% |
Eagle Rock | $1.3M | $1.2M | -4.1% |
Mount Washington | $1.2M | $1.2M | -5.6% |
Housing Supply in Northeast LA, CA
How many homes are available in Northeast LA, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
192 | 233 | +21.4% |
Summary: The Northeast LA real estate market had 233 homes for sale in April 2024, a 21.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 49 | 67 | +36.7% |
3 Bedrooms | 77 | 90 | +16.9% |
4 Bedrooms | 39 | 44 | +12.8% |
5+ Bedrooms | 22 | 27 | +22.7% |
Summary: The Northeast LA housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 36.7%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 54 | +20.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Northeast LA in April 2024, up by 20.0% month-over-month. Of the 54 sold homes, 30% were sold under asking, 9% were sold at asking, and 61% were sold over asking.
Days on Market for Northeast LA, CA
How long does it take to sell a home in Northeast LA, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
21 Days | 32 Days | +53.4% |
Summary: Homes in Northeast LA had an average of 32 days on market in Apr 2024, up by 53.4% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 54 homes were sold in Northeast LA; 81% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.