Last month in March, housing in Los Angeles, CA ended with 1023 homes being added to the market for sale, for a cumulative monthly total of 1706 homes for sale - up 13% compared to February. Los Angeles, CA had a total of 588 homes sold for the month - up 18% from the month prior.
Detached led the way in homes sold with a total of 398 - up 10%, while attached totaled 190 in closed sales - up 37% from the month of February. The number of detached properties sold under 1500 square feet totaled 159 for the month of March, while homes from 1500 to 2000 square feet recorded 97 sales and homes sized from 2000 to 2500 square feet had 52 sales. While homes from 2500 to 3000 square feet square feet recorded 34 homes sold and homes from 3000 to 3500 square feet had 22 sales, while homes in the 3500 to 4000 square feet range totaled 11 homes sold. Homes from 4000 to 4500 square feet had 4 sales, homes from 4500 to 5000 square feet had 9 sales and homes over 5500 square feet recorded 6 homes sold.
The number of attached homes sold under 1500 square feet numbered 125, attached homes in the square feet range of 1500 to 2000 recorded 38 sales and attached properties from 2000 to 2500 square feet had a total of 15 homes sold. Attached properties from 2500 to 3000 square feet had a total of 8 homes sold and attached properties from 3000 to 3500 square feet had a total of 2 homes sold and attached properties from 3500 to 4000 square feet had a total of 1 homes sold. The following ranges for attached homes all had no sales: 4000 to 4500, 4500 to 5000, over 5500.
The last 12 month period for the city of Los Angeles, CA shows that the greatest number of homes were sold during the months of May 2023, June 2023 and August 2023. The months of May 2023, June 2023 and August 2023 had 665 - 642 and 700 homes sold, respectively, as compared to an average of 525 for the other months of the year.
The last 12 month period for the city of Los Angeles, CA shows that homes sold the fastest during the months of August 2023, October 2023 and December 2023. The months of August 2023, October 2023 and December 2023 had 32 - 31 and 33 days on market, respectively, as compared to an average of 36 for the other months of the year.
Number of homes sold in Los Angeles, CA | |||||||||||||
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Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
2024 | 426 | 480 | 588 | - | - | - | - | - | - | - | - | - | 1494 |
2023 | 397 | 423 | 654 | 573 | 665 | 642 | 575 | 700 | 520 | 546 | 509 | 506 | 6710 |
2022 | 625 | 654 | 669 | 578 | 581 | 607 | 561 | 499 | 479 | 451 | 443 | 476 | 6623 |
2021 | 463 | 556 | 669 | 818 | 686 | 719 | 830 | 735 | 734 | 677 | 712 | 563 | 8162 |
2020 | 485 | 552 | 527 | 385 | 333 | 386 | 641 | 666 | 761 | 768 | 548 | 648 | 6700 |
2019 | 447 | 469 | 508 | 579 | 603 | 556 | 605 | 554 | 618 | 625 | 564 | 566 | 6694 |
2018 | 522 | 548 | 651 | 605 | 633 | 527 | 657 | 636 | 559 | 636 | 577 | 558 | 7109 |
2017 | 547 | 577 | 570 | 612 | 739 | 909 | 588 | 730 | 536 | 538 | 604 | 608 | 7558 |
Average Days On Market (DOM) In Los Angeles, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
2024 | 41 | 38 | 34 | - | - | - | - | - | - | - | - | - | 38 |
2023 | 42 | 39 | 40 | 35 | 37 | 33 | 34 | 32 | 35 | 31 | 35 | 33 | 36 |
2022 | 37 | 31 | 25 | 21 | 18 | 23 | 26 | 30 | 34 | 35 | 29 | 41 | 29 |
2021 | 41 | 43 | 41 | 30 | 33 | 26 | 25 | 29 | 28 | 33 | 27 | 30 | 32 |
2020 | 44 | 41 | 37 | 27 | 33 | 42 | 37 | 31 | 28 | 28 | 22 | 37 | 34 |
2019 | 39 | 38 | 39 | 40 | 27 | 39 | 33 | 30 | 37 | 36 | 32 | 39 | 36 |
2018 | 29 | 29 | 35 | 30 | 23 | 24 | 32 | 31 | 31 | 34 | 30 | 37 | 30 |
2017 | 38 | 34 | 41 | 35 | 30 | 28 | 31 | 32 | 34 | 32 | 32 | 31 | 33 |
Average Days From List To Close Of Escrow In Los Angeles, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Average |
2024 | 83 | 78 | 73 | - | - | - | - | - | - | - | - | - | 78 |
2023 | 93 | 82 | 81 | 73 | 83 | 77 | 75 | 76 | 78 | 72 | 77 | 79 | 79 |
2022 | 92 | 83 | 68 | 64 | 56 | 72 | 71 | 76 | 81 | 80 | 73 | 85 | 75 |
2021 | 100 | 96 | 92 | 73 | 78 | 67 | 69 | 72 | 77 | 79 | 72 | 81 | 80 |
2020 | 99 | 93 | 95 | 76 | 87 | 84 | 77 | 81 | 73 | 75 | 61 | 92 | 83 |
2019 | 90 | 83 | 92 | 91 | 69 | 90 | 82 | 74 | 89 | 86 | 85 | 95 | 86 |
2018 | 76 | 73 | 89 | 81 | 64 | 68 | 83 | 73 | 83 | 81 | 79 | 88 | 78 |
2017 | 101 | 88 | 107 | 91 | 83 | 81 | 87 | 82 | 90 | 90 | 89 | 89 | 90 |
Number of homes added to the market in Los Angeles, CA | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
2024 | 1058 | 923 | 1023 | - | - | - | - | - | - | - | - | - | 3004 |
2023 | 832 | 884 | 918 | 897 | 1037 | 1049 | 986 | 993 | 1050 | 977 | 718 | 454 | 10795 |
2022 | 710 | 628 | 685 | 711 | 475 | 645 | 597 | 533 | 614 | 665 | 531 | 400 | 7194 |
2021 | 721 | 531 | 874 | 536 | 791 | 809 | 804 | 674 | 812 | 633 | 324 | 401 | 7910 |
2020 | 528 | 536 | 457 | 316 | 497 | 599 | 632 | 779 | 867 | 746 | 440 | 384 | 6781 |
2019 | 680 | 511 | 599 | 703 | 644 | 519 | 627 | 637 | 531 | 656 | 424 | 273 | 6804 |
2018 | 696 | 589 | 599 | 687 | 684 | 576 | 555 | 639 | 640 | 566 | 531 | 228 | 6990 |
2017 | 640 | 480 | 778 | 759 | 781 | 675 | 642 | 532 | 437 | 623 | 578 | 326 | 7251 |