Los Angeles, California Real Estate Facts

At ListWizer, our experienced team of licensed real estate professionals in Los Angeles works tirelessly to ensure our California home-buying and selling clients keep more of what’s important to them: their hard-earned money. We understand that buying or selling a home in Los Angeles County can change everything financially, and we want to ensure you have all the information you need to make informed decisions about the price of homes in the area.

Our Los Angeles real estate professionals prioritize each client’s unique buying and selling needs because every step we take from here defines their futures, and we want to be a part of their journeys.

Here, we discuss the housing market in Los Angeles, which has been a seller’s market since 2023. Prices tend to be higher, and homes sell faster.

What are Housing Prices in Los Angeles, California?

The median home sold price in Los Angeles was $976,303 in February 2024, down 1.7% from last year, and the median price per square foot was $625.

The median sold price by bedroom count as of February 2024 is:

  • 1 Bedroom $519.2K
  • 2 Bedrooms $749.7K
  • 3 Bedrooms $940.1K
  • 4 Bedrooms $1.2M
  • 5+ Bedrooms $2.0M

The median sold price compared to nearby cities is:

  • Culver City $1.3M
  • West Hollywood $1.2M
  • Los Angeles $976.3K
  • Inglewood $705.9K
  • Beverly Hills $3.1M

The Los Angeles real estate market had 6,649 homes for sale in February 2024, and 1,190 homes were sold or pending at month’s end. Of these sold homes, 43% were sold under asking, 16% were sold at asking, and 41% were sold over asking.

Homes in Los Angeles spent an average of 39 days on the market in February 2024, down 10.1% from last year.

How Can ListWizer Help Me Buy or Sell a Home in Los Angeles, California?

At Listwizer, we create a win-win relationship with our partner agents by providing them a steady business flow. This affords us greater negotiating power to secure competitive rates for our clients.

Our 1% flat fee discount means that we charge a fixed and transparent 1% commission on the final sale price of your property. This allows you to save significantly compared to traditional real estate brokerages without compromising on the quality of service.

Contact us today to learn how we can put our team of licensed real estate professionals in Los Angeles to work for you!