Is Los Angeles, CA 90048 a buyer’s or seller’s market?

The Los Angeles housing market right now

In the three months ending August 31, 2026, 9% of homes in Los Angeles, CA 90048 sold above their list price, the typical home went under contract in 92 days and there were 7.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 44 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold more slowly (69 days then) and the median sale price rose 8% to $1,949,157. Overall, Los Angeles is less competitive than a year ago, which gives buyers more room.

Within Los Angeles County, homes here sell more slowly than in 96% of the county’s ZIP codes, and sell less often over asking than in 96%. On our competition score, Los Angeles ranks #1,036 of 1,069 CA ZIP codes with enough sales (score 14 out of 100).

Nearby, buyers who want less competition could look at Mount Baldy 91759 (0% sold over asking) or Glendale 91210 (0% sold over asking), while Los Angeles 90057 (100% sold over asking) and Burbank 91502 (86% sold over asking) are even more competitive.