What is the median home price in Los Angeles?

The median home price in Los Angeles right now is $1,099,950. This price hasn't changed from last month, but it's 7.0% lower than it was a year ago. Homes are staying on the market for a bit longer, too. Last month, houses in Los Angeles were typically listed for 50 days before going under contract. That's a little over 6% longer than the year before. The number of homes for sale is about the same as last year, with around 19,232 active listings. For sellers, about 15.4% of homes have had their prices reduced. That's slightly less than last year, which could mean pricing is becoming more stable. If you're looking to buy or sell, knowing the current median price and market speed can help you make a smart move.