Los Angeles, CA
Housing market overview · Updated weekly
$1.01Mmedian sale price
Homes sold
1,224
Last 12 weeks
Days on market
79
Average pace
Active listings
6,744
5.5 months supply
Sale-to-list
98.9%
Below asking
The Los Angeles housing market is currently classified as a buyer's market with a median sale price of $1.01M. Prices have fallen 4.7% compared to last year, with homes spending an average of 79 days on market, indicating 5.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
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Frequently asked questions
What is the average home price in Los Angeles?
The median home sale price in Los Angeles is $1.01M, down 4.7% from last year.
How long do homes stay on market in Los Angeles?
Homes typically spend 79 days on market before going under contract.
Is Los Angeles a buyer's or seller's market?
With 5.5 months of supply, Los Angeles is currently a buyer's market.
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