Los Angeles, California started 2024 with a total of 1,005 single-family homes on the market, with a median home price of $1,389,000 and an average price per square foot of $899.91. By the end of the year, inventory had increased to 1,319 homes on the market (+31%), with a median home price of $1,498,000 (+8%), and an average price per square foot of $927 (+3%).
At the start of 2024, the median days on market (DOM) was 77 days – by the end of the year, median DOM had increased to 84 days.
Los Angeles, California started the year with 32.04% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 33.97% of homes for sale had taken a price cut.
