How much is my Los Angeles home worth?

Looking at the data, the typical home in Los Angeles is listing for around $1,100,000. This is a bit less than last year, but it has stayed pretty stable over the last month. The median list price in the Los Angeles area is $1,100,000. That is a small increase of 0.1% from last month. But it's down 8.0% compared to last year. This suggests prices have come down a bit over a longer period. Homes are currently staying on the market for 47 days. This is a little longer than last year, when it was 4.4% quicker. About 14.3% of homes have had a price reduction. This means sellers are having to cut prices less often than they were last year. There are 18,523 homes for sale right now, which is a 2.0% increase from last year. However, fewer new homes are coming onto the market, with 8,804 new listings—a 4.2% drop from last year. This means there are more homes overall, but fewer brand new options each month. For sellers, the market shows some stability month-to-month, but prices are lower compared to a year ago. Homes are also taking a bit longer to sell. You might want to price your home competitively to attract buyers, especially since there are more homes available overall than last year.