February 2024 Market Report
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Market Statistics and Analysis
The chart below shows the monthly average price of "for sale" and "sold" properties in Los Angeles County since November 2022. As you can see, the “for sale” price has been increasing, and the average “sold” price is decreasing. Since January of last year, Los Angeles County has remained a Seller's Market.
Mortgage rates are continuing to lower as inflation is fading which is good news for home buyers. We will continue to see this pattern for the rest of the month. Take a moment to click on the name of your city under the chart below to look at the specific statistics in your area.
Key Takeaways:
- Average sold price is decreasing
- Mortgage rates are continuing to lower
January 2024 Median Sold Price was Depreciating*
Average Median Sold Price in January 2024: $835
January 2024 Average For Sale Price was Appreciating*
Average For Sale Price (in thousand) in January 2024: $2822
January 2024 Average Sold Price was Neutral*
Average Sold Price (in thousand) in January 2024: $1191
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Average Median Sold Price in January 2024: $835
| • | Down 1.8% compared to last month |
| • | Up 5.7% compared to last year |
January 2024 Average For Sale Price was Appreciating*
Average For Sale Price (in thousand) in January 2024: $2822
| • | Up 1.5% compared to last month |
| • | Up 18.6% compared to last year |
January 2024 Average Sold Price was Neutral*
Average Sold Price (in thousand) in January 2024: $1191
| • | Up 0.2% compared to last month |
| • | Up 4.6% compared to last year |
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Data for your neighborhood:
