Market Update

Greater Los Angeles

Q1 2024

Residential Property Snapshot

Single Family Homes & Condos | Q1 2024
Med. Sales Price
$975k
2% less than in
Q1 2023

Avg. Days On Market
38
14% fewer than in
Q1 2023

Closed Sales
4,306
19% more than in
Q1 2023

Inventory
6,463
46% more than in
Q1 2023

Sales Price vs. Closed Sales

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
Closed
New
Inventory

Closed Sales by Price

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 2024

Median Sales Price vs. Average Days on Market

Single Family Homes & Condos

  • Single Family Homes
  • Condos
 |  Q1 Last 5 Years
By Year
By Price

Market Data by Year

Single Family Homes & Condos

  • Single Family Homes
  • Condos

 |  Q1 2024

Rotate your device to view as table
'23 - '24
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
46%
New Listings
New Listings represents the number of properties listed during the quarter.
22%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
40%
Closed Sales
19%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
-14%

Data provided by Greater Palm Springs MLS (California Desert Association of Realtor), California Regional MLS, Bay East Association of REALTORS/Bridge MLS, Conejo Simi Moorpark Association of REALTORS®, The MLS (Combined LA/Westside MLS), and San Diego MLS. All information is deemed reliable but not guaranteed. Data is based on the closed date as of Mar 31, 2024 end of day. This report was last updated Apr 18, 2024.

© 2024 Sotheby’s International Realty. All Rights Reserved. Sotheby’s International Realty® is a registered trademark. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Equal Housing Opportunity.