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Los Angeles

Why you'd want to live in Los Angeles

The City of Los Angeles holds many distinctions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, many of them world-class, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportunities like those presented in the expanding tech industry, Los Angeles is the place to be. It is the only city in North America to have hosted the Summer Olympics twice - and by 2028 the third time. Downtown L.A. is the largest government center outside of Washington, D.C. Los Angeles has the only remaining wooden lighthouse in the state (located in San Pedro’s Fermin Park) and the largest historical theater district on the National Register of Historic Places (located Downtown on Broadway). via discoverlosangeles.com

Los Angeles Market Report

$2,003,841

AVERAGE PRICE OF 6,255 HOMES

$2,066,993

AVERAGE PRICE OF 67 DISTRESSED HOMES

$3,290,378

AVERAGE PRICE OF 3,257 MULTI-MILLION DOLLAR HOMES

$3,427,890

AVERAGE PRICE OF 344 NEWLY BUILT HOMES

$4,276,063

AVERAGE PRICE OF 1,226 HOMES WITH A POOL

$1,368,521

AVERAGE PRICE OF 163 REDUCED PRICE HOMES

Average Home

Average Price $2,003,841
Avg Bedrooms 2.05 beds
Avg Bathrooms 1.97 baths

Average Price by Bedrooms

1 bedroom $773,686
2 bedrooms $1,041,903
3 bedrooms $1,575,542
4 bedrooms $2,333,822
5 bedrooms $3,662,879
Los Angeles Home Price Trends
  7/2021 6/2021 5/2021 4/2021 3/2021
Total Listings 5,942 5,920 5,831 5,907 5,389
Average Price $1,992,029 $1,964,109 $1,986,684 $1,972,248 $2,008,678
Avg Price Change +1.42% -1.15% +0.73% -1.85% n/a
Median Price $1,084,707 $1,086,000 $1,065,800 $1,049,233 $1,056,667
Med Price Change -0.12% +1.90% +1.58% -0.71% n/a
Avg Bedrooms 2.06 beds 2.08 beds 2.08 beds 2.09 beds 2.03 beds
Avg Bathrooms 1.98 baths 2 baths 2.01 baths 2.01 baths 1.97 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Hollywood 5 $2,599,980 83 days
John Marshall 11 $1,575,803 51 days
University 13 $1,382,458 67 days
Venice 6 $1,917,167 69 days
Washington 5 $625,980 78 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 6,255 $2,003,841 62 days
Distressed Homes 67 $2,066,993 85 days
Multi-Million Dollar Homes 3,257 $3,290,378 62 days
Newly Built Homes 344 $3,427,890 64 days
Homes with a Pool 1,226 $4,276,063 64 days
Reduced Price Homes 163 $1,368,521 56 days
Based on information from California Regional Multiple Listing Service, Inc. as of August 2, 2021. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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