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Los Angeles

Why you'd want to live in Los Angeles

The Los Angeles metropolitan area, with more than 23,000 art jobs, is the country's leading artistic center, surpassing the previous champion, New York. In other words, Los Angeles has both a larger concentration and absolute number of artists than New York. The L.A. five-county area is also a major tech center, with more than 700,000 people at work in health services/biomedical activities and 190,000 people in aerospace. Here are some more facts and figures about Los Angeles: the city, the county and the region. via discoverlosangeles.com

Los Angeles Market Report

$2,334,477

AVERAGE PRICE OF 4,380 HOMES

$1,627,753

AVERAGE PRICE OF 56 DISTRESSED HOMES

$4,049,450

AVERAGE PRICE OF 2,225 MULTI-MILLION DOLLAR HOMES

$6,796,100

AVERAGE PRICE OF 211 NEWLY BUILT HOMES

$5,172,894

AVERAGE PRICE OF 916 HOMES WITH A POOL

$2,771,758

AVERAGE PRICE OF 139 REDUCED PRICE HOMES

Average Home

Average Price $2,334,477
Avg Bedrooms 3.25 beds
Avg Bathrooms 3.11 baths

Average Price by Bedrooms

1 bedroom $763,225
2 bedrooms $1,083,788
3 bedrooms $1,464,803
4 bedrooms $2,175,640
5 bedrooms $3,232,585
Los Angeles Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 4,266 4,745 n/a 5,401 5,400
Average Price $2,201,582 $2,135,024 n/a $2,090,628 $2,095,169
Avg Price Change +3.12% n/a n/a -0.22% -2.15%
Median Price $1,003,475 $1,001,840 n/a $1,023,158 $1,001,305
Med Price Change +0.16% n/a n/a +2.18% -3.71%
Avg Bedrooms 3.19 beds 3.11 beds n/a 2.9 beds 2.69 beds
Avg Bathrooms 3 baths 2.9 baths n/a 2.69 baths 2.51 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Crenshaw 5 $826,799 126 days
Dorsey 6 $1,147,300 112 days
Hollywood 4 $786,000 71 days
Jordan 4 $562,724 49 days
University 6 $2,339,333 82 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 4,380 $2,334,477 119 days
Distressed Homes 56 $1,627,753 131 days
Multi-Million Dollar Homes 2,225 $4,049,450 110 days
Newly Built Homes 211 $6,796,100 94 days
Homes with a Pool 916 $5,172,894 111 days
Reduced Price Homes 139 $2,771,758 95 days
Proper Real Estate
Jenny Pok - Broker
2135 N Bellflower blvd.
Long Beach, CA 90815
562-342-6044
DRE# 02156564
info@proper-re.com

Based on information from California Regional Multiple Listing Service, Inc. as of February 2, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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