If you are searching for the current pulse of the Los Angeles housing market, here is the direct answer: across 8,074 closed sales in the trailing 12 months, the median sale price was $1,190,000, while individual sales ranged from $72,000 to $46,350,000. This striking gap between the low and high ends is not a statistical quirk; it reflects the sheer geographic and property-type diversity contained within the City of Los Angeles, from compact condos and income properties to multimillion-dollar estates in the hills and canyons.
That median figure of $1,190,000 is the midpoint of every closed transaction, meaning half of all Los Angeles sales came in above that price and half below. Buyers and sellers should note that this median is not the same as an average, which would be pulled higher by the $46.35 million top sale. The wide range between $72,000 and $46.35 million underscores how a single "Los Angeles price" is almost meaningless when comparing specific listings across different districts.
Another key data point from these 8,074 closings is the average days on market at 49. That figure tells you that, on average, a Los Angeles home that sells is going under contract in under two months. For sellers in Los Angeles, that 49-day average provides a realistic benchmark for setting expectations; for buyers, it suggests that well-priced homes are not lingering for extended periods, though the full range of days on market varies widely depending on the property and price point.
It is also worth emphasizing that the 49-day average is exactly that — an average. Some Los Angeles properties, especially those in niche segments or at extreme price points, can take considerably longer, while others receive offers within days. The 8,074 closed sales represent the broadest possible view of the city, but each individual transaction has its own timeline shaped by condition, location, and financing.
For anyone tracking Los Angeles real estate, these numbers offer a snapshot of a market that is simultaneously accessible and exclusive. The $1.19 million median is informative, but the true story lies in the $46.28 million gap between the cheapest and most expensive sales — a reminder that Los Angeles is not one market, but many micro-markets sharing a city limit. Whether you are evaluating a single listing or the entire metro, the days on market and price spread from these 8,074 closings give you a data-backed foundation for your next decision.
Market figures based on 8074 closed MLS sales in Los Angeles over the trailing 12 months.