What is the median home price in Los Angeles?

The typical home in Los Angeles costs around $1,100,000. That number is pretty stable month over month, but actually a bit lower than last year. To be exact, the median listing price is $1,100,000. This is up just a tiny bit, 0.1%, compared to last month. But, looking back a whole year, prices have actually dropped by 8.0%. There are currently 18,523 homes for sale, which is a 2.0% increase from last year. However, fewer new homes are coming on the market, with 8,804 new listings—a drop of 4.2% compared to last year. Homes are staying on the market a little longer, taking about 47 days to sell. This is 4.4% more time than a year ago. Also, 14.3% of homes have lowered their prices, which is a small decrease of 1.4% from last year. If you are looking to buy, it 's good to know that prices are down from a year ago. And there are slightly more homes to choose from than there were last year, even though fewer new ones are popping up.