Is East LA, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East LA has remained a Seller's Market.
Housing Prices in East LA, CA
How much do homes in East LA, CA cost?
Median Sold Price
$670,000
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in East LA was $670,000 in May 2024, up 3.1% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $527.5K | $457.5K | -13.3% |
2 Bedrooms | $590K | $610K | +3.4% |
3 Bedrooms | $675K | $685K | +1.5% |
4 Bedrooms | $717.5K | $725K | +1.0% |
5+ Bedrooms | $750K | $802.5K | +7.0% |
Summary: East LA housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.3%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Neighborhoods
The Southeast | $685.2K | $728.9K | +6.4% |
The Eastside | $700K | $734.8K | +5.0% |
East LA | $650K | $670K | +3.1% |
El Sereno | $850K | $839.7K | -1.2% |
Housing Supply in East LA, CA
How many homes are available in East LA, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
72 | 83 | +15.3% |
Summary: The East LA real estate market had 83 homes for sale in May 2024, a 15.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 19 | 22 | +15.8% |
3 Bedrooms | 30 | 33 | +10.0% |
4 Bedrooms | 7 | 11 | +57.1% |
5+ Bedrooms | 13 | 13 | 0.0% |
Summary: The East LA housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 16 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in East LA in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for East LA, CA
How long does it take to sell a home in East LA, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 25 Days | -2.0% |
Summary: Homes in East LA had an average of 25 days on market in May 2024, down by 2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in East 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.