New - 27 minutes on Rocket
$10,000 Closing Credit¹
Yongyan Feng, Listing Office: Client First Property Management Inc.
Los Angeles Housing Market Report December 2024•Los Angeles County, California
Housing Prices in Los Angeles, CA
How much do homes in Los Angeles, CA cost?
Housing Market Conditions
Is Los Angeles, CA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Los Angeles is a Seller's Market
Difference Since December 2023
Since last year, Los Angeles has remained a Seller's Market.
Insight
Los Angeles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$1,026,634$640/SqFt
+$55,344
+5.7%
Based on all homes sold in the last 12 months
Insight
Homes in Los Angeles have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Los Angeles was $1,026,634 in December 2024, up 5.7% from last year, and the median price per square foot was $640.
Median Sold Price By City
| City | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| Los Angeles | $971.2K | $1.0M | +5.7% |
| Inglewood | $717K | $755K | +5.3% |
| Beverly Hills | $3.2M | $3.2M | +1.2% |
| Culver City | $1.2M | $1.2M | -2.8% |
| West Hollywood | $1.2M | $1.0M | -12.8% |
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $518.4K | $521.3K | +0.6% |
| 55+ Bedrooms | $2.0M | $2.0M | -4.0% |
| 22 Bedrooms | $748.1K | $765K | +2.3% |
| 33 Bedrooms | $933.8K | $992.6K | +6.3% |
| 44 Bedrooms | $1.2M | $1.2M | +1.5% |
Summary: Los Angeles housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes increased by +0.6%. The home price for 5 bedroom homes decreased by -4.0%. The home price for 2 bedroom homes increased by +2.3%. The home price for 3 bedroom homes increased by +6.3%. The home price for 4 bedroom homes increased by +1.5%.
Housing supply in Los Angeles, CA
How many homes are available in Los Angeles, CA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7,285Last MonthDec 2024 | ||
| 7,6962 months agoNov 2024 | -5.3 % Change MoMNov – Dec |
Summary: The Los Angeles real estate market had 7,285 homes for sale in Dec 2024, a 5.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 1,467Last MonthDec 2024 | ||
| 1,3882 months agoNov 2024 | +5.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 416 | 414 | -0.5% |
| 55+ Bedrooms | 1,672 | 1,661 | -0.7% |
| 22 Bedrooms | 1,760 | 1,631 | -7.3% |
| 33 Bedrooms | 2,275 | 2,110 | -7.3% |
| 44 Bedrooms | 1,573 | 1,469 | -6.6% |
Summary: Los Angeles housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes decreased by -0.5%. The inventory for 5 bedroom homes decreased by -0.7%. The inventory for 2 bedroom homes decreased by -7.3%. The inventory for 3 bedroom homes decreased by -7.3%. The inventory for 4 bedroom homes decreased by -6.6%.
Asking Price vs. Sold Price
How much do homes in Los Angeles, CA cost?
Over Asking Price524 Homes
At Asking Price203 Homes
Under Asking Price740 Homes
Insight
If you're buying a home in Los Angeles, you may be able to get a good deal. 50.4% of homes here sold below asking price last month.
Summary: A total of 1,467 homes were sold or pending in Los Angeles in December 2024, up by 5.7% month-over-month. Of the 1467 sold homes, 50% were sold under asking, 14% were sold at asking, and and 36% were sold over asking.
Days on Market for Los Angeles, CA
How long does it take to sell a home in Los Angeles, CA?
Breakdown of Home Sale Times
Under 30 Days802 Homes
30 – 90 Days493 Homes
Over 90 Days172 Homes
Insight
Many homes in Los Angeles are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 1467 homes were sold in Los Angeles; 55% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 41 DaysThis YearDec 2024 | ||
| 34 Days1 year agoDec 2023 | +19.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Los Angeles had an average listing age of 41 days in Dec 2024, up by 19.9% compared to the previous year.
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Newest Listings in Los Angeles, CA
What homes are available in Los Angeles, CA?
New - 1 hour on Rocket
$10,000 Closing Credit¹
Yohann Bensimon, Listing Office: Keller Williams Hollywood Hills
New - 1 hour on Rocket
$10,000 Closing Credit¹
Eli Karon, Listing Office: Douglas Elliman
New - 1 hour on Rocket
Elena Tarasova, Listing Office: Douglas Elliman of California, Inc.
New - 1 hour on Rocket
$9,369 Closing Credit¹
James Darby, Listing Office: USAFC Realty
New - 2 hours on Rocket
Debra Berman, Listing Office: Estate Properties
New - 2 hours on Rocket
Pattyl Kasparian, Listing Office: Paramount Financial Group
New - 3 hours on Rocket
$5,871 Closing Credit¹
Rene Garcia, Listing Office: Keller Williams Realty
New - 3 hours on Rocket
$6,530 Closing Credit¹
James Pihlgren, Listing Office: James Pihlgren
New - 3 hours on Rocket
Rayni Williams, Listing Office: The Beverly Hills Estates
New - 3 hours on Rocket
$10,000 Closing Credit¹
Camyar Shoham, Listing Office: Keller Williams Beverly Hills
New - 3 hours on Rocket
Rayni Williams, Listing Office: The Beverly Hills Estates
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MLS Disclaimers and Copyright
Based on information from California Regional MLS, Greater Antelope Valley MLS, Golden Empire MLS, and Fresno Association of REALTORS® MLS for the period 01/01/2023 - 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: 1/17/2025, 11:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from the Greater Antelope Valley MLS. Information deemed reliable but not guaranteed.
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. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Greater Antelope Valley Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 Greater Antelope Valley Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from Golden Empire MLS, Inc. 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 2025 Bakersfield Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Based on information from the Fresno Association of REALTORS® (alternatively, from the Fresno MLS). 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. The information being provided is 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.
Copyright 2025 Fresno Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
interested in purchasing.
Copyright 2025 Fresno Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.