The Los Angeles housing market is somewhat competitive. Homes in Los Angeles receive 3 offers on average and sell in around 43 days. The median sale price of a home in Los Angeles was $970K last month, down 1.5% since last year. The median sale price per square foot in Los Angeles is $649, up 5.4% since last year.
What is the housing market like in Los Angeles today?
In March 2024, Los Angeles home prices were down 1.5% compared to last year, selling for a median price of $970K. On average, homes in Los Angeles sell after 43 days on the market compared to 44 days last year. There were 1,540 homes sold in March this year, down from 1,681 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$970,000
-1.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Los Angeles, CA
$970,000
-1.5%
United States
To compare other locations to the Los Angeles and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Los Angeles's median sale price is 148% higher than the national average. Overall cost of living in Los Angeles is 50% higher than the national average. Learn which home features in Los Angeles add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Los Angeles housing market?
Los Angeles is somewhat competitive. Homes sell in 40 days.
0
100
60
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% above list price and go pending in around 40 days.
Hot homes
can sell for about 5% above list price and go pending in around 20 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Los Angeles
Explore recent offers and recently sold homes in Los Angeles
Recent offers
Winning Offer|
9 Weeks Ago
~$2M Offer
4bd | 3ba | ~2,250sqft
Over List Price
5%
Days on Market
28
Competing Offers
3
Down Payment
~50%
Alin Glogovicean
Los Angeles Redfin Agent
Came in strong and worked some magic to get this one accepted above the other multiple offers.
Offer Not Accepted|
9 Weeks Ago
~$600K Offer
Sold for $600K
2bd | 2ba | ~1,250sqft
Over List Price
0%
Days on Market
50
Competing Offers
0
Down Payment
—
Loren Bennett
Los Angeles Redfin Agent
Client decided to not proceed once he spoke with his lender again and interest rates came up
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Los Angeles housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Los Angeles.
Risk Factor
Flood Factor - Moderate
18% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Los Angeles has a moderate risk of flooding. 42,165 properties in Los Angeles are likely to be
severely affected
by flooding over the next 30 years. This represents 18% of all properties in Los Angeles. Flood risk is increasing slower than the national average.
63% of properties are at risk of wildfire over the next 30 years
Fire Factor
Los Angeles has a major risk of wildfire. There are 430,269 properties in Los Angeles that have some risk of being affected by wildfire over the next 30 years. This represents 63% of all properties in Los Angeles.
Los Angeles has minimal risk of severe winds over the next 30 years
Wind Factor
Los Angeles has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.