How much is my Los Angeles home worth?

The typical home in the Los Angeles area is currently listed for around $1,099,950. This price hasn't changed from the previous month. However, it's about 7.0% lower than what homes were listed for at this time last year. There are 19,232 homes for sale right now, which is a slight decrease of 0.9% compared to last year. The number of brand-new listings has also dropped by 2.9% over the past year, with 9,166 new homes coming on the market. When a home in Los Angeles goes up for sale, it typically stays on the market for 50 days before finding a buyer. This is a bit longer than last year, a 6.4% increase. About 15.4% of homes have had their prices reduced, which is a small drop of 1.3% from last year. The average price per square foot for a home in this area is $662. This is 2.6% less than it was a year ago. The overall average listing price for all homes is $2,288,279, which is 3.8% lower than last year. If you're thinking of selling, know that homes are taking a little longer to sell and prices are a bit lower than last year. Talk to a local real estate agent to understand how these trends fit your specific home.