Los Angeles Housing Market: Trends & Prices (2025)

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    Los Angeles Real Estate Market Overview

    By Robin Rothstein

    (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.

    $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.

    Housing market forecast chart

    *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

    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


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    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.

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    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.


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