Los Angeles, CA Real Estate Market

With a median sale price of $4,500,000 and a market temperature of 79, sellers are in a strong position in this zip code. At 24 median days on market, well-priced homes are moving relatively quickly, making now a favorable time to list.

Buyers entering the 90024 market should be prepared for a premium price point, with a median sale price of $4,500,000 and a median price per square foot of $1,447.11. The 24-day median days on market signals competitive conditions, so buyers should have financing and decisions ready to move without delay.

With a median rent of $3,695 against a median sale price of $4,500,000, gross rental yields in this market are compressed, which is typical for a high-end Los Angeles zip code. Investors may find better cash flow potential in smaller units, as studio rents come in at $2,175 and one-bedroom rents at $2,845, relative to the lower end of the sale price spectrum starting at $199,000 for studios.

The current 30-year mortgage rate of 6.00% and 15-year rate of 5.43% remain significant cost factors, especially given the $4,500,000 median sale price in this market. Buyers who can qualify for the 15-year term at 5.43% may realize meaningful interest savings over the life of the loan, though monthly payments at that price point will be substantially higher regardless of the term chosen.