In the Los Angeles market, the median sale price over the trailing 12 months, based on 8,298 closed sales, is $1,193,500. That means half of all homes sold for more and half for less, giving you a clear snapshot of the typical transaction in Los Angeles right now.
The price range across those same closed sales spans from $72,000 to $46,350,000. That's a massive spread, reflecting the diversity of property types across Los Angeles, from compact condos to multi-million dollar estates. The median sits far below the top end, showing that the bulk of sales are concentrated in the more attainable price tiers.
Average days on market in Los Angeles is 49 days. For this market, that's a relatively quick pace, indicating that well-priced homes are moving in about seven weeks. Sellers should price strategically to match this momentum, while buyers need to be prepared to act decisively when a property hits the market.
The combination of a $1,193,500 median and 49 average days on market suggests a balanced but active market in Los Angeles. The high end and low end behave differently, so these market-wide numbers are a starting point, not the whole story for any specific neighborhood.
If you're tracking Los Angeles real estate, these numbers give you a factual baseline. The trailing 12-month window smooths out seasonal swings, making the $1,193,500 median a reliable reference point for current market conditions in Los Angeles.
Market figures based on 8298 closed MLS sales in Los Angeles over the trailing 12 months.