Is Los Angeles, CA 90099 a buyer’s or seller’s market?
Los Angeles is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Los Angeles housing market right now
In the three months ending August 31, 2026, 33% of homes in Los Angeles, CA 90099 sold above their list price, the typical home went under contract in 76 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (84 days then) and the median sale price rose 30% to $724,686. Overall, Los Angeles is more competitive than a year ago, so tougher for buyers.
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Questions about Los Angeles real estate
Is Los Angeles a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Los Angeles, CA 90099 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Los Angeles?
The typical home went under contract in 76 days in the latest three months.
Do homes in Los Angeles sell over asking?
33% of homes sold above their original list price, and the typical sale closed at 103.8% of the list price.
What is the median home price in Los Angeles?
The median sale price was $724,686 in the three months ending August 31, 2026, about $549 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology