Is Laurel Canyon, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Laurel Canyon was a Seller's Market.
Key Takeaway
Laurel Canyon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Laurel Canyon, CA
How much do homes in Laurel Canyon, CA cost?
Median Sold Price
$2,190,000
$1,005/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Laurel Canyon have sold for 9.3% less than they did a year ago.
Summary: The median home sold price in Laurel Canyon was $2,190,000 in May 2024, down 9.3% from last year, and the median price per square foot was $1,005.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.0M | $750.7K | -27.3% |
| 2 Bedrooms | $1.4M | $1.4M | +2.9% |
| 3 Bedrooms | $2.2M | $2.1M | -8.5% |
| 4 Bedrooms | $3.0M | $3.5M | +19.0% |
| 5+ Bedrooms | $3.7M | $3.1M | -17.9% |
Summary: Laurel Canyon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 17.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Center City | $869.4K | $890K | +2.4% |
| Hollywood Hills West | $2.5M | $2.5M | -0.1% |
| Central LA | $1.3M | $1.3M | -0.9% |
| Laurel Canyon | $2.4M | $2.1M | -9.3% |
Housing Supply in Laurel Canyon, CA
How many homes are available in Laurel Canyon, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 83 | +33.9% |
Summary: The Laurel Canyon real estate market had 83 homes for sale in May 2024, a 33.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 9 | 15 | +66.7% |
| 3 Bedrooms | 19 | 30 | +57.9% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Laurel Canyon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 57.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
7 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 Laurel Canyon, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Laurel Canyon in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Laurel Canyon, CA
How long does it take to sell a home in Laurel Canyon, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 19 Days | 44 Days | +124.4% |
Summary: Homes in Laurel Canyon had an average of 44 days on market in May 2024, up by 124.4% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Laurel Canyon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Laurel Canyon; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.