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Los Angeles Real Estate Market Reports

News, analysis, and trends in LA's housing market.

Report: Most LA houses still haven’t ‘recovered’ post-recession

Just over one-third of homes countywide are worth more now than they were just before the recession hit.

Report: Home prices are surging in LA’s priciest neighborhoods

Sale prices are also up in North Inglewood and Boyle Heights.

Condo prices in DTLA are up to nearly $600K, report says

Prices are rising and units are selling quicker than they did at this time last year.

Echo Park and Silver Lake are the hottest markets for condo buyers right now

A new map from the MLS shows neighborhoods where condo sales are rising—or falling—most significantly.

LA County home prices reach highest level in almost 10 years

"Looking ahead, affordability will be a major hurdle for many home shoppers."

LA homes are selling in 30 days or less

A new report says the median amount of time a home spends on the market before finding a buyer dropped below 30 days—from 38.8 in February and 43.2 last March.

Median home price near Dodger Stadium: $640K

Those prices are the fourth-highest around any MLB ballpark

The number of homes sold in LA dropped in February

Median sale prices stayed at $525,000 between January and February, while the total number of sales dropped more than 6 percent.

More than half of LA homes sold for over $1 million in February

The percentage was even higher in Pasadena and Irvine, though other cities in the area, including Inglewood and Lancaster, didn’t have any homes that sold for that much.

New report details the development-rich year that was 2016 for Downtown LA

Over 7,600 more residential units on the way

LA County’s median home price rises to $525K

That’s up a bit from $520,000 a month before, but a 7.1 percent increase over January of last year. Across Southern California, total sales were at their highest January level since 2013.

It takes a salary of $98K to afford a house in LA

That’s according to a new report that examines the income required to afford a 20 percent downpayment on a median priced home. Only two other cities—San Francisco and San Diego—require a higher salary.

Here’s where condo prices are on the rise in LA

Prices for condos went up in many neighborhoods between 2015 and 2016 (in others they fell). Now, the MLS has released a map tracking which areas saw the biggest price changes.

Saving to buy a house in LA takes almost a decade

According to a new report, it takes more than nine years for a family making the median income to save for a median-priced home in LA. Only in San Francisco do buyers have to save longer.

Median home prices in Venice are rapidly approaching $2 million

A new report shows that sale prices rose more than 15 percent in 2016, reaching $1.978 million—nearly twice the median cost of homes in Downtown LA and the Westside.

Los Angeles County home prices dip to $520,000

The median sale price in LA was $520,000 in December. In Southern California, it was $470,000. A large number of those sales were new homes.

Are Glassell Park and Cypress Park LA’s next hot neighborhoods?

Real estate in most of the neighborhoods northeast of Downtown Los Angeles have been on an upward trajectory for a few years now.

West Adams is one of the most competitive homebuying markets in the U.S.

A Redfin spokesperson says West Adams is in what real estate agents call "the sweet spot"—it’s in demand, but the median price is under $600,000, which is still seen as "affordable."

Mapping LA’s hottest neighborhoods among homebuyers

Where have Los Angeles homebuyers been flocking to lately? Well, according to the MLS, Atwater Village, Boyle Heights, and Inglewood.

Los Angeles County home prices are up 7.4 percent

It’s not getting any easier to afford a home in Los Angeles County, where home prices soared 7.4 percent in October, according to a new report from real estate tracker CoreLogic.

Want to buy a house in LA County? You’ll need a six figure salary

A new report from the California Association of Realtors finds that homebuyers here need to earn $104,330 to afford the monthly payments on a median-priced home. That midpoint price right now is $536,720.

Buying is somehow still cheaper than renting in LA

In spite of rising home costs, buying in the Los Angeles area still beats renting over the course of seven years. As Trulia reports, buyers stand to save about 32.7 percent over renters in that time span.

LA home sales drop to the lowest level in 4 years

Pending home sales in LA County dropped off more than 37 percent since last month, according to a new report from realtor John Graff. They're also down nearly 50 percent since last year. In spite of that, prices continue to climb.

Have LA home prices peaked for 2016?

"It's possible that Southern California's median sale price has already peaked for the year at $465,000, where it has held steady for the last three months," says a Corelogic analyst.

Overpriced homes may be slowing down LA's market

Home prices in LA continue to reach historic heights, but sales are down for the second month in a row. Realtor John Graff thinks that a glut of subpar homes is encouraging prospective buyers to save their money.

LA has the lowest homeownership rate in the US

A new report from Apartment List shows LA continues to have the lowest rate of homeownership in the country—and it has dropped significantly since the beginning of the recession nearly a decade ago. Meanwhile, the cost to rent is on the rise.

Los Angeles home prices are still climbing

In July, the median price of a home in Los Angeles county was $531,500. That's only a .3 percent gain compared to June, but compared to July 2015, it's a 8.5 percent spike.

Are LA home prices on the way down?

Los Angeles's red hot seller's market might be slowing down, according to a new report. Pending sales are down significantly since July of last year, while the amount of homes on the market hasn't changed much.

Los Angeles is one of the worst cities for young homebuyers

It seems like we can never bring you good news when it comes to buying a home in Los Angeles. Bloomberg blames that on too much demand and too little supply. Plus, on average, we're making $20K less than what's needed to make a house payment.

Saving for a house in LA costs $68 per day

Another sobering study, this one from real estate website Realtor.com, shows just how out-of-reach owning property is for many Angelenos. It estimates that prospective buyers here need to save nearly $70 daily for five years to afford a downpayment.

Median price of a starter home in LA: $334,000

Many homes in that price range are in South Los Angeles and parts of Long Beach. A report from Trulia says an average Angeleno would have to set aside 89 percent of their monthly income to afford a starter home.

Los Angeles home prices tick up again in May

The median home price in Los Angeles is now $525,000. The inventory of homes for sale remains "unusually low," especially in the lower price ranges.

Million-Dollar Houses Taking Over LA Neighborhoods

The share of million-dollar homes in LA has roughly doubled since 2012, and the rise is especially dramatic in areas that have seen a recent surge in popularity thanks to Silicon Beach, like Palms and Venice, plus centrally located South Carthay.

You Need to Make $91k to Afford a Median House in LA

The percentage of households that could afford to purchase the median-priced home in LA County rose in the first quarter of this year—from 27 percent up to 31 percent. That's more than usual, but affordability is expected to drop again.

Median Home Now Over $1M in Fancy Parts of LA

The median price in just the fancy parts of LA set another record in the first quarter of 2016—a heartstopping $1.035 million, says a new quarterly report out from Douglas Elliman. It's the first time the median has crossed the million-dollar mark.

Median LA Home Now More Than Half a Million Dollars

In LA County, the median housing price in March was up 5.9 percent, to $506,000. No surprise, then, overall sales dropped as potential buyers are priced out.

LA's Luxury Home Market Left in the Dust by NYC

Add the luxury housing market to the list of things LA and New York City can feud about. In 2015, New York City saw 211 homes valued at $10 million or more sell, compared to LA's 32.

Investors Bought Up Porter Ranch Disaster Real Estate

As thousands of households fled the neighborhood surrounding the leaky Aliso Canyon natural gas storage field this winter, investors ponied up lots to buy houses in the area. Overall sales, unsurprisingly, were down.

Los Angeles Millennials Just Aren't Buying Houses

LendingTree looked at the number of mortgages taken out over the last year across 59 big cities in the nation and found that LA came in 58th place. Not surprising considering LA Millennials are stuck with the third highest mortgages in the US.