Los Angeles Real Estate Market Trends
Market Overview for Quarter 1, 2021
Median Sale Price
No. of Transactions
County Median Sale Price
In Q1, the median home sale price in Los Angeles was $825K, an increase of 10% year-over-year. By contrast, sales activity trended down with 1988 deals closed, representing a decline of -65% compared to the same period last year. The median price per square foot in Q1 was $547, a change of 8% year-over-year, while the median sale price in Los Angeles County was $688K.
Top Cities in Los Angeles County
|Ranking||City||Median Sale Price|
|2||Rancho Palos Verdes||$1,410,000|
Residential Property Types Sold in Los Angeles
|Property Type||Median Sale Price||Y-o-Y Change||Median Sale Price/Sq. Ft||Y-o-Y Change||Transactions|
The Q1 median sale price for Los Angeles houses was $945K, increasing 16% year-over-year. While the median for houses was trending up, condo prices in Los Angeles remained flat year-over-year at $575K.
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