Is Los Angeles County, 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, Los Angeles County has remained a Seller's Market.
Key Takeaway
Los Angeles County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Los Angeles County, CA
How much do homes in Los Angeles County, CA cost?
Median Sold Price
$876,815
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Los Angeles County have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Los Angeles County was $876,815 in April 2024, up 3.2% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $499.6K | $500K | 0.1% |
| 2 Bedrooms | $686.9K | $700.3K | +2.0% |
| 3 Bedrooms | $833.9K | $850.1K | +1.9% |
| 4 Bedrooms | $1.0M | $1.0M | +4.8% |
| 5+ Bedrooms | $1.7M | $1.7M | +2.6% |
Summary: Los Angeles County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 2.6%.
Median Sold Price Compared To Nearby Counties
| Orange County | $971.2K | $1.0M | +11.2% |
| Ventura County | $805.1K | $850.1K | +5.6% |
| Los Angeles County | $850K | $876.8K | +3.2% |
| Kern County | $350.1K | $359.6K | +2.7% |
| San Bernardino County | $497K | $505.7K | +1.7% |
Housing Supply in Los Angeles County, CA
How many homes are available in Los Angeles County, CA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15,486 | 17,141 | +10.7% |
Summary: The Los Angeles County real estate market had 17,141 homes for sale in April 2024, a 10.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 784 | 902 | +15.1% |
| 2 Bedrooms | 3,141 | 3,430 | +9.2% |
| 3 Bedrooms | 5,321 | 5,700 | +7.1% |
| 4 Bedrooms | 3,475 | 3,853 | +10.9% |
| 5+ Bedrooms | 2,765 | 3,256 | +17.8% |
Summary: The Los Angeles County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.1%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 17.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,648 | 3,959 | +8.5% |
Asking Price vs. Sold Price
1,332 Homes Were Sold
Under Asking
604 Homes Were Sold
At Asking
2,023 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Los Angeles County, you could pay more than the asking price. 51.1% of homes here sold above asking price last month.
Summary: A total of 3,959 homes were sold or pending in Los Angeles County in April 2024, up by 8.5% month-over-month. Of the 3,959 sold homes, 34% were sold under asking, 15% were sold at asking, and 51% were sold over asking.
Days on Market for Los Angeles County, CA
How long does it take to sell a home in Los Angeles County, CA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 29 Days | -20.9% |
Summary: Homes in Los Angeles County had an average of 29 days on market in Apr 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
2,870 Homes Were Sold
Under 30 Days
769 Homes Were Sold
In 30 - 90 Days
320 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Los Angeles County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 3959 homes were sold in Los Angeles County; 72% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% 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. 
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. 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. Properties may or may not be listed by the office/agent presenting the information. 
Copyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved. 
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved.