New - 14 hours on Rocket
$10,000 Closing Credit¹
#25492433, Matthew R. Kanner, Listing Office: Keller Williams Realty Los Feliz
Koreatown Housing Market Report December 2024•Los Angeles County, California
Housing Prices in Koreatown, CA
How much do homes in Koreatown, CA cost?
Housing Market Conditions
Is Koreatown, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Koreatown is a Buyer's Market
Difference Since November 2024
Last month, Koreatown was a Neutral Market.
Insight
Koreatown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$700,000$560/SqFt
-$175,000
-20.0%
Based on all homes sold in December 2024
Insight
Homes in Koreatown have sold for 20% less than they did a month ago.
Summary: The median home sold price in Koreatown was $700,000 in December 2024, down 20% from last month, and the median price per square foot was $560.
Median Sold Price By Bedrooms
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | $395K | $436.5K | +10.5% |
| 22 Bedrooms | $737K | $622.5K | -15.5% |
| 33 Bedrooms | $930K | $830K | -10.8% |
| 44 Bedrooms | $1.1M | $1.3M | +16.8% |
| 55+ Bedrooms | $1.3M | $1.0M | -20.5% |
Summary: Koreatown housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes increased by +10.5%. The home price for 2 bedroom homes decreased by -15.5%. The home price for 3 bedroom homes decreased by -10.8%. The home price for 4 bedroom homes increased by +16.8%. The home price for 5 bedroom homes decreased by -20.5%.
Housing supply in Koreatown, CA
How many homes are available in Koreatown, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 115Last MonthDec 2024 | ||
| 1172 months agoNov 2024 | -1.7 % Change MoMNov – Dec |
Summary: The Koreatown real estate market had 115 homes for sale in Dec 2024, a 1.7 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 14Last MonthDec 2024 | ||
| 192 months agoNov 2024 | -26.3 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 16 | 16 | 0.0% |
| 22 Bedrooms | 39 | 37 | -5.1% |
| 33 Bedrooms | 21 | 18 | -14.3% |
| 44 Bedrooms | 14 | 14 | 0.0% |
| 55+ Bedrooms | 27 | 30 | +11.1% |
Summary: Koreatown housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -5.1%. The inventory for 3 bedroom homes decreased by -14.3%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +11.1%.
Asking Price vs. Sold Price
How much do homes in Koreatown, CA cost?
Over Asking Price2 Homes
At Asking Price3 Homes
Under Asking Price9 Homes
Insight
If you're buying a home in Koreatown, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Koreatown in December 2024, down by 26.3% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and and 14% were sold over asking.
Days on Market for Koreatown, CA
How long does it take to sell a home in Koreatown, CA?
Breakdown of Home Sale Times
Under 30 Days7 Homes
30 – 90 Days5 Homes
Over 90 Days2 Homes
Insight
Many homes in Koreatown are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 14 homes were sold in Koreatown; 50% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Average Sale Time
| Last Month | 1 month ago | Change MoM |
|---|---|---|
| 44 DaysLast MonthDec 2024 | ||
| 42 Days1 month agoNov 2024 | +4.3 % Change MoMNov – Dec |
Summary: Homes in Koreatown had an average listing age of 44 days in Dec 2024, up by 4.3% compared to the previous month.
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Newest Listings in Koreatown, CA
What homes are available in Koreatown, CA?
New - 17 hours on Rocket
$7,469 Closing Credit¹
#25488969, Audrey Jung, Listing Office: B & B Investment Properties
New - 18 hours on Rocket
$7,695 Closing Credit¹
#OC25022811, Yi Zhang, Listing Office: Real Broker
New - 1 day on Rocket
$7,706 Closing Credit¹
#PW25019633, Jenna Han, Listing Office: Real Broker
New - 1 day on RocketVideo tour
$10,000 Closing Credit¹
#SR25021061, Orna Saghian, Listing Office: Pinnacle Estate Properties, Inc.
New - 2 days on Rocket
#25491227, Janet Neman, Listing Office: Kidder Mathews of California, Inc.
New - 3 days on Rocket
$10,000 Closing Credit¹
#25489211, Jessica Vargas, Listing Office: The Oppenheim Group, Inc.
New - 4 days on RocketVideo tour
$10,000 Closing Credit¹
#RS25004207, Luis Guevara, Listing Office: eXp Realty of Southern CA
New - 4 days on Rocket
$10,000 Closing Credit¹
#25490117, Jeannie K. Lee, Listing Office: The H Realty
New - 4 days on Rocket
$10,000 Closing Credit¹
#25490095, Jeannie K. Lee, Listing Office: The H Realty
New - 4 days on Rocket
$10,000 Closing Credit¹
#25489425, Rodney Wittbrodt, Listing Office: Compass
New - 7 days on Rocket
$9,963 Closing Credit¹
#25483275, Audrey Jung, Listing Office: B & B Investment Properties
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, for the period 11/01/2024 - 01/01/2025
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. The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 7:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.