141 new real estate properties in Los Angeles, California have been added to Ofirio in the last 7 days.
Of those new properties:
Los Angeles, California has a high demand for real estate. This is determined by the difference between the list price and the closed price, which on average is 1% higher than than the list price. The demand for luxury real estate is higher than the demand for “Under $300k” real estate by 4%. Homes in Los Angeles, California are on the market for 78 days, on average among all of our listings.
This week the following real estate properties became available for sale:
The biggest change in price is in the 6 Beds segment and it is 238% ($10,131,143) more than the week prior.
The average closing price for real estate in Los Angeles California has grown by 12% from the last week, which amounted to $3,940,031.
As of January 2023 Los Angeles, CA is a seller market which means homes sell faster at a higher price. In January 2023, 35 homes (18.2%) sold at asking price, 112 homes (58.3%) sold below asking price, and 45 homes (23.4%) were sold above asking price. If purchasing a home there is little room to negotiate the price.
The median home price increased by 16.7% from $1,199,500 in January 2022 to $1,399,500 in January 2023. The number of homes sold in Los Angeles, CA has decreased by 56.1% over the last year from 410 in January 2022 to 180 homes in January 2023.
Homes in Los Angeles, CA have sold for 6.4% more per ft² than they did a year ago. As of January 2023 the average price per square foot is $798.