RealTrends Market Report

Los Angeles, CA

Single-Family Homes

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Los Angeles, CA

Fri Jun 21 2024
This week the median list price for Los Angeles, CA is $1,599,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 1,462. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Los Angeles, CA

Fri Jun 21 2024
This week the median list price for Los Angeles, CA is $1,599,000 with the market action index hovering around 41. This is less than last month's market action index of 42. Inventory has increased to 1,462. Click here to stay informed with the Los Angeles market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Los Angeles market.
Median List Price $1,599,000
Median Price of New Listings $1,349,500
Per Square Foot $851
Average Days on Market 95
Median Days on Market 46
Price Decreased 32%
Price Increased 4%
Relisted 12%
Inventory 1,462
Median Rent
Market Action 41
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,795,000 4,363 0.25 - 0.5 acre 5 5 48 37 27 70
$2,100,000 2,342 6,500 - 8,000 sqft 3 3 77 50 38 42
$1,250,000 1,600 4,500 - 6,500 sqft 3 2 88 66 52 35
$700,000 1,143 4,500 - 6,500 sqft 3 2 99 67 57 42