If you're wondering what the typical home sells for in Los Angeles right now, the median sale price over the last 12 months is $1,192,500. That number comes from 8,245 closed sales across the city and surrounding areas tracked by our market data.
But a median only captures the middle. In Los Angeles, the full price range of closed sales stretches from $72,000 to $46,350,000. That's not a typo—the market includes both entry-level fixers and record-setting estates, often just blocks apart.
The average days on market for those 8,245 sales was just 50. That means the typical Los Angeles home is going into contract in under two months, which is a useful gauge for sellers pricing correctly and for buyers who need to move quickly.
For buyers, the wide spread means there is no single 'Los Angeles price.' The $1,192,500 median is a helpful benchmark, but your actual target will depend on the specific neighborhood, property type, and condition. The data shows the market is deep enough to support sales at many price points.
For sellers, the 50-day average DOM is a reminder that well-priced homes in Los Angeles don't linger. With 8,245 closings in a year, there is consistent demand—but that demand is selective, and overpricing can push a listing well past the average.
Whether you're tracking the median, the extremes, or the speed of sales, Los Angeles real estate rewards precision. If you'd like to see how these numbers apply to your specific target area, I'm happy to pull the details for you.
Market figures based on 8245 closed MLS sales in Los Angeles over the trailing 12 months.