Is Northeast LA, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northeast LA is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Northeast LA has remained a Seller's Market.

Key Takeaway

Northeast LA is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Northeast LA, CA

How much do homes in Northeast LA, CA cost?

Median Sold Price

$1,197,372

$847/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$36,684(+3.2%)

Key Takeaway

Homes in Northeast LA have sold for 3.2% more than they did a year ago.

Summary: The median home sold price in Northeast LA was $1,197,372 in November 2024, up 3.2% from last year, and the median price per square foot was $847.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $705K$641K
-9.1%
2 $940.5K$970K
+3.1%
3 $1.2M$1.2M
+4.1%
4 $1.4M$1.4M
-1.6%
5+ $1.4M$1.5M
+9.8%

Summary: Northeast LA housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Neighborhoods

Highland Park
+9.1%
Eagle Rock
+6.9%
Northeast LA
+3.2%
Mount Washington
+2.5%

Housing Supply in Northeast LA, CA

How many homes are available in Northeast LA, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
269268-0.4%

Summary: The Northeast LA real estate market had 268 homes for sale in November 2024, a 0.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1012
+20.0%
2 8188
+8.6%
3 9985
-14.1%
4 4846
-4.2%
5+ 3137
+19.4%

Summary: The Northeast LA housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 14.1%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 19.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
6759-11.9%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

39 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northeast LA, you could pay more than the asking price. 66.1% of homes here sold above asking price last month.

Summary: A total of 59 homes were sold or pending in Northeast LA in November 2024, down by 11.9% month-over-month. Of the 59 sold homes, 25% were sold under asking, 8% were sold at asking, and 66% 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

Nov 2023Nov 2024CHANGE
38 Days22 Days-39.9%

Summary: Homes in Northeast LA had an average of 22 days on market in Nov 2024, down by 39.9% compared to last year.

Breakdown of Home Sale Times

44 Homes Were Sold
Under 30 Days

15 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northeast LA are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 59 homes were sold in Northeast LA; 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.

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

Report Updated 2 Days Ago

Newest Listings in Northeast LA, CA

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