August 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 May 2023. As you can see, the “for sale” price was depreciating, and the average “sold” price was neutral. Since July of last year, Los Angeles County has remained a Seller's Market.
According to Freddie Mac, mortgage rates plunged this week to their lowest level in over a year. 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:
• Mortgage rates decrease
• Home prices decrease slightly
June 2024 Median Sold Price was Appreciating*
Average Median Sold Price in June 2024: $920
| • | Up 0.5% compared to last month |
| • | Up 6.6% compared to last year |
June 2024 Average For Sale Price was Depreciating*
Average For Sale Price (in thousand) in June 2024: $2673
| • | Down 1.1% compared to last month |
| • | Down 9% compared to last year |
June 2024 Average Sold Price was Neutral*
Average Sold Price (in thousand) in June 2024: $1290
| • | Down 3.8% compared to last month |
| • | Up 5% compared to last year |
*Based on 6 month trend - Appreciating/Depreciating/Neutral
Data for your neighborhood:
