Los Angeles, CA Real Estate Market

Sellers in 90024 are in a strong position, with a median sale price of $4,500,000 and a competition score of 79 signaling healthy buyer activity. A median of 24 days on market suggests that well priced homes are attracting buyers at a steady pace, making this a favorable time to list.

Buyers entering the 90024 market should be prepared for a high entry point, with a median sale price of $4,500,000 and a median price per square foot of $1,285.17. The 24 day median days on market reflects competitive conditions, so arriving with financing secured and a clear decision timeline is essential.

With a median rent of $3,600 against a median sale price of $4,500,000, gross rental yields in this market are compressed, which is typical of high end Los Angeles neighborhoods. Investors focused on smaller units may find comparatively better cash flow potential, as 1 bedroom units carry a sale price of $600,000 with rents reaching $2,900 per month at that tier.

The current 30 year mortgage rate of 6.37% and 15 year rate of 5.72% represent significant cost factors in a market where the median sale price is $4,500,000. Borrowers who qualify for the 15 year term at 5.72% could realize meaningful interest savings over the life of the loan, though monthly payments at this price point will be substantial under either option.