Listen up, Los Angeles

October 2025

  • Metric Value / Recent Trend Median sale price (citywide) ≈ $1,020,000 in October 2025 (Redfin)

  • Price change YoY Down ≈ 1.9% compared with last year (Redfin)

  • Price per sq ft (sold homes) ≈ $642/sq ft (Redfin)

  • Typical days on market ~ 62 days (up from ~ 53 days last year) (Redfin)

  • Number of homes sold (recent month) 1,708 (up ~ 2.6% YoY) (Redfin)

  • Countywide average home value ~ $868,480 (down ~ 1.7% over past year) (Zillow) $995,000 (Oct 2025) (FRED)

  • Inventory (active listings in LA County) ~ 14,150 homes (as of Oct 2025) (FRED)

  • Market is Balanced-to-slightly softening: more homes remain on market longer; buyers often able to negotiate (JDJConsulting)

What this means for buyers & sellers

  • Prices have dipped modestly — the median sale price is slightly down—but overall values remain high compared with U.S. norms. You’re not seeing a steep crash, but there’s some softening.

  • Days on market (DOM) are creeping up, suggesting homes are taking longer to sell. That gives buyers a bit more negotiating leverage.

  • Inventory remains historic low compared with long-term averages, which keeps a floor under pricing pressure even if demand softens.

  • For sellers: Proper pricing and good presentation still matter. Overpriced, poorly staged homes may sit.

  • For buyers: More breathing room than peak-seller-market years, but affordability remains tight — expect sticker shock compared to many U.S. markets.

What to watch soon

According to recent forecasts:

  • New-home sales in LA are projected to rise in 2025 and 2026. Norada Real Estate+1

  • Median prices may tick up modestly over the next 12–18 months — not huge gains, but possible modest recovery or stabilization. Norada Real Estate+1

  • Mortgage rates remain an important headwind. Between high rates and high valuations, affordability will keep shaping buyer behavior. lao.ca.gov+1

Want to Know What Your Home is Worth?

I track every sale, every listing, and every price change because this level of detail makes all the difference when it comes to pricing strategy and timing. Whether you're thinking about selling in the next few months or just curious about your home's current value, I can give you a realistic assessment based on the most recent comparable sales.

This market report reflects activity through October 2025. Market conditions can change, and every property is unique. For the most current analysis of your specific situation, let's talk.