Los Angeles Housing Market: Trends & Prices (2025)
Los Angeles Real Estate Market Overview
(Last Updated – 4/2025)
The City of Dreams has seen a steady influx of new residents over the years, thanks to its eternally bustling film industry. The idea that Los Angeles offers glamour and excitement will probably never fade, though there are many reasons to appreciate LA aside from the silver screen.
You’re just hours (if not minutes) away from beaches, mountains, and theme parks. The city’s foodie and arts scenes have evolved to be major players, and the fact that there are excellent sports teams to cheer on is another plus. And who could forget the sun? On average, the city receives 263 sunny days a year — which could be part of why as of February 2025 the median sale price in Los Angeles was over $1 million. Yes, that’s a high figure, and the cost of living in Los Angeles is significantly above average (about 50% higher), as you might expect from a major urban hub in an expensive state.
If you need help navigating this real estate market, read on to take a look at the city as a whole as well as five popular neighborhoods where you may be able to snag a bargain.
Los Angeles Real Estate Market Trends
The City of Angels can have a robust housing market, for sure. The combination of career opportunity, sunshine, and everything else the area has to offer is a huge draw. But that shouldn’t discourage you if you are looking to buy there: The market is currently considered somewhat competitive, with homes on the market typically selling for around list price in around 54 days.
$1,060,000
Median Sale Price
$662
Median Price Per Square Foot
67 days
Median Time on Market
Los Angeles Housing Market Forecast
If you’re looking to make an offer on a home in Los Angeles, you may have to move quickly, as popular homes sell in only 22 days. Also, be prepared for rising prices. Data from February 2025 reveals that overall prices have climbed 9% year over year. However, current economic volatility can make it hard to forecast whether prices will continue to creep up.
*Graph taken from Zillow as of 4/2025
Recommended: 2025 Cost of Living by State
Demographics of the Los Angeles Market
From Beverly Hills to Malibu, you’ll find plenty of amazing areas and opportunities in greater LA. The beautiful weather combined with the allure of Hollywood can make this one of the most exciting places to live in the country.
Almost 4 million people call Los Angeles city home, according to the latest census data. Here, take a closer look at who they are.
Median Household Income: $79,701
Median Age: 37.2
College Educated: 39.2%
Homeowners: 35%
Married: 40%
Recommended: Guide to Buying, Selling, and Updating Your Home
Popular Los Angeles Neighborhoods
There are countless neighborhoods to choose from in Los Angeles, so you’re likely to find the right fit for you.
More than half a dozen regions make up Los Angeles, and each region contains many smaller neighborhoods worth exploring. Keep reading for breakdowns of some of the most popular neighborhoods in LA.
Westwood
This dynamic neighborhood has a lot going for it, and the home prices, which may necessitate a jumbo mortgage, reflect that. Westwood is home to UCLA and offers great restaurants, shops, and stores — many of which are within walking distance. Walkability is a major plus (it’s also been called a “jogger’s paradise”) for this area, as well as short commutes for many people who work in offices. There’s also the university’s Fowler and Hammer museums and its lush botanical garden to explore.
Quick Facts
Population:
49,226
Median Age:
22.9
Housing Units:
19,843
Bike Score:
55/100
Walk Score:
69/100
Transit Score:
66/100
Median Household Income:
$122,161
Westwood Housing Market
Westwood is a very desirable area of Los Angeles, and you’ll likely pay a premium to live there. Housing prices in Westwood are higher than Los Angeles, with a current median sale price of $1.84 million. Home values in this neighborhood rose 8.3% year over year as of February 2025.
On average, houses are currently on the market for 75 days vs. 57 days the year prior, and they sell for roughly 2% below list price.
Median Sale Price
$1,840,000
Median Price Per Square Foot
$819
Echo Park
If you lead an indie lifestyle and love a neighborhood with cute cafes, diverse restaurants, bars with live music, and non-cookie-cutter boutiques, welcome to Echo Park. You’ll feel right at home. This popular Los Angeles neighborhood has Echo Park Lake, for fun paddleboat outings, as well as charming vintage architecture, with Victorian homes adding to its allure. Bonus: You’re close to Dodger Stadium if you want to catch a game, and Chinatown is nearby, too.
Quick Facts
Population:
33,664
Median Age:
39
Housing Units:
14,709
Bike Score:
80/100
Walk Score:
98/100
Transit Score:
60/100
Median Household Income:
$111,168
Echo Park Housing Market
Home values in Echo Park rose almost 17% over the past year, and this area is considered somewhat competitive. Houses sell for roughly 1% above list price (hot properties tend to ring in at about 6% over asking) and stay on the market for an average of 41 days.
Median Sale Price
$1,262,500
Median Price Per Square Foot
$907
Silver Lake
Silver Lake is another hip area of Los Angeles that is known for its indie music scene, modern restaurants, and fun bars. Young professionals will love this neighborhood, but families will also appreciate it for its schools, walkability, and the popular walking trail at Silver Lake Reservoir.
Quick Facts
Population:
29,871
Median Age:
36.7
Housing Units:
13,202
Bike Score:
51/100
Walk Score:
81/100
Transit Score:
54/100
Median Household Income:
$135,123
Silver Lake Housing Market
The average sale price in Silver Lake was up 8.7% in a year as of February 2025 and is currently well above the Los Angeles average. Homes sell for about 4% above list price and stay on the market about 37 days. This is a very competitive market: Don’t be surprised if you find yourself in a bidding war, with some buyers willing to waive contingencies.
Median Sale Price
$1,522,500
Median Price Per Square Foot
$913
Venice
Why not relax and head to the beach? If you love the surf and sand, then Venice might be the neighborhood for you.
This area has maintained the arty, hippie vibe it’s known for while modernizing at the same time. You’re guaranteed to have a blast watching people at the boardwalk on weekends. There’s also Abbot Kinney Boulevard to explore, a mile-long stretch with sophisticated clothing stores, art galleries, and cafes, bars, and eateries, including vegan spots.
Quick Facts
Population:
27,543
Median Age:
39
Housing Units:
17,669
Bike Score:
88/100
Walk Score:
83/100
Transit Score:
52/100
Median Household Income:
$85,445
Venice Housing Market
Venice has been a popular neighborhood for decades in Los Angeles, and the housing market remains somewhat competitive, with high prices. You may want to investigate mortgage options and get preapproved if you are planning on living the dream.
Current home prices are up a significant 27% compared with last year as of February 2025. The average house sells for 3% below list price and stays on the market for 99 days, though hot properties can sell in half that time and for a bit over asking price.
Median Sale Price
$2,260,000
Median Price Per Square Foot
$1,130
Sherman Oaks
If you’re intrigued by glamorous, old-Hollywood architecture, Sherman Oaks might be a great neighborhood for you. You’ll cross paths with iconic roads like Mulholland Drive and Ventura Boulevard. Plus, the area has 1930s charm, perfect for putting down roots.
But Sherman Oaks has plenty to recommend it beyond its good looks. It’s close to some of the major studios for those who work in “the industry.” Families appreciate the well-regarded public and private school options, and plentiful dining and shopping options.
Quick Facts
Population:
67,698
Median Age:
38
Housing Units:
32,800
Bike Score:
52/100
Walk Score:
62/100
Transit Score:
44/100
Median Household Income:
$152,993
Sherman Oaks Housing Market
The Sherman Oaks housing market is considered somewhat competitive. As of February 2025, prices were down 1.6% vs. the previous year. Average homes sell for about 1% below list price and stay on the market 88 days as compared to 62 days for the preceding year.
Median Sale Price
$1,377,500
Median Price Per Square Foot
$702
Recommended: What to Know About Getting Preapproved for a Home Loan
SoFi Home Loans
It’s easy to see why Los Angeles remains attractive for homebuyers. There’s a wide array of neighborhoods to choose from, whether you’re young and single or have a family to look after.
If you think LA could be your home sweet home, then you may need to consider different mortgage loans during your home buying process.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.
FAQ
Should I buy a house now or wait to see if prices go down?
Whether to buy a house in Los Angeles now or wait to see if prices go down is a very personal decision. The real estate market and economy in general can see ups and down and be hard to predict. Weigh your personal circumstances and risk tolerance to make the right choice.
Are home prices in LA dropping?
While LA home prices fluctuate, overall prices have been creeping up. That said, economic factors could shift and see a dip in the asking price of properties. It’s wise to keep your eye on the market if you are considering making a move soon.
Why is housing in Los Angeles so high-priced?
There are several reasons for the high prices of Los Angeles real estate. One factor to consider is that the entire state of California is very high-priced, with one of the highest costs of living in the country. Also, Los Angeles was originally built as single-family houses on sizable tracts of land, meaning that while new housing is being built, there is still a limited supply of residential real estate. Factor in how many people move to LA in search of its quality of life and job market, and you see why it can be so pricey.
SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.
SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
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