Los Angeles, CA Real Estate Market

With only 70 active listings in the area, your competition is relatively limited, which supports asking prices near the current median of $1,350,000. A median of 43 days on market suggests buyers are taking time to evaluate options, so pricing strategically from the start will help avoid extended listing periods.

Buyers in this market should expect a median asking price of $1,350,000 for single-family homes and $816.99 per square foot, with 43 days on market providing some room to conduct thorough due diligence. The warm market temperature and competition score of 62 indicate moderate activity, so acting with preparation is advisable without feeling rushed.

The median rent in this area is $2,100 against a median single-family asking price of $1,350,000, reflecting a significant gap that investors should factor carefully into cash flow projections. With 360 rental units in inventory and rent for a 3-bedroom reaching $4,595 per month, there may be stronger yield potential in larger multi-bedroom properties targeting family renters.

The current 30-year fixed mortgage rate of 6.37% and 15-year rate of 5.72% meaningfully affect monthly carrying costs on a $1,350,000 purchase. Buyers who can qualify for or afford the shorter 15-year term would benefit from a 0.65 percentage point rate advantage, though the higher monthly payments require careful budget planning.