Is West End, LA 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, West End has remained a Buyer's Market.
Key Takeaway
West End is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West End, LA
How much do homes in West End, LA cost?
Median Sold Price
$490,000
$237/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West End have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in West End was $490,000 in April 2024, up 12.6% from last year, and the median price per square foot was $237.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $154.5K | -11.7% |
| 2 Bedrooms | $292.5K | $387.5K | +32.5% |
| 3 Bedrooms | $435K | $408.5K | -6.1% |
| 4 Bedrooms | $650K | $660K | +1.5% |
| 5+ Bedrooms | $470K | $575.3K | +22.4% |
Summary: West End housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.7%, 2 bedroom homes increased by 32.5%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 22.4%.
Median Sold Price Compared To Nearby Neighborhoods
| West End | $435K | $490K | +12.6% |
| Lakeshore / Lake Vista | $595K | $664.2K | +11.6% |
| Lakeview | $555K | $548.5K | -1.2% |
Housing Supply in West End, LA
How many homes are available in West End, LA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 57 | 70 | +22.8% |
Summary: The West End real estate market had 70 homes for sale in April 2024, a 22.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 14 | 18 | +28.6% |
| 4 Bedrooms | 15 | 17 | +13.3% |
| 5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The West End housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West End, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in West End in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.
Days on Market for West End, LA
How long does it take to sell a home in West End, LA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 46 Days | -27.6% |
Summary: Homes in West End had an average of 46 days on market in Apr 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West End are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 7 homes were sold in West End; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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