What is the cost of living in Los Angeles?

The cost of living in Los Angeles is high. The typical home lists for $1,100,000. It's a challenging market for buyers right now, and homes are selling quickly. Right now, there are 18,523 homes for sale, which is slightly more than last year. However, fewer new homes, 8,804, came onto the market compared to last year. The average home lists for $2,311,055, and the price per square foot is $667. These numbers are a bit lower than last year, which could mean prices are starting to come down slightly. Homes are selling quickly, typically staying on the market for 47 days. This is a little longer than last year, but still fairly fast. Overall, if you're looking to buy a home in Los Angeles, be prepared for high prices and a fast-moving market.