What is the median home price in Los Angeles? Over the trailing 12 months, the median sale price across 8,117 closed sales was $1,193,000. That figure is the midpoint of every transaction, meaning half sold above and half below. But in a market this size, the median only scratches the surface of how Los Angeles actually behaves.
The full price range in that same period ran from $72,000 to $46,350,000. That is not a typo. A $46 million sale and a $72,000 sale both closed within the same 12-month window in Los Angeles. That spread of more than $46 million is the defining characteristic of this market — there is no single Los Angeles housing market, but rather a collection of micro-markets that share a citywide median.
For buyers, that range means the search process in Los Angeles is less about a uniform price ladder and more about identifying which segment of the market you are actually shopping in. A $1.19 million median doesn't guarantee a specific property type, because the same city has condos, fixers, new construction, and luxury estates all trading within the same 12-month cycle.
Sellers and buyers should also note the average days on market: 50. That is the average time from listing to closing across all 8,117 Los Angeles sales. A 50-day average suggests a market that is moving steadily, not stalling — but the wide price range again matters. Lower-priced properties in Los Angeles often attract multiple offers and close faster, while the upper end can take longer, pulling the average up.
What does this mean if you are transacting in Los Angeles right now? Priced correctly, a home can still move near that 50-day average. But setting expectations based solely on the $1.19 million median is a mistake. Your actual price range, your property type, and your specific pocket of Los Angeles will determine your days on market far more than the citywide average.
Whether you are looking at the entry level or the top of the range, the data from these 8,117 closed sales shows a market with remarkable breadth. In Los Angeles, the median is just a starting point — the real story is in the distance between the lowest and highest closed sales.
Market figures based on 8117 closed MLS sales in Los Angeles over the trailing 12 months.