What the Los Angeles price trend shows
Los Angeles prices have drifted sideways to slightly lower for almost two years. Zillow's typical home value for the city peaked at $969,339 in December 2024. It was $932,759 in September 2025 and $927,891 in September 2026, a 0.5% fall in a year and about 4.3% below the peak. The longer view is still strong: the typical value is up 7.9% over five years and 73.2% over ten, from roughly $535,600 in September 2016.
Redfin's figures track actual closed sales rather than every home. For the City of Los Angeles, the median sale price for the three months to September 2026 was $1,032,508, down 1.7% on a year earlier, and the median price per square foot was $622.64, down 2.3%. Redfin's median can sit above Zillow's value because it reflects only the homes that sold in those months. For Los Angeles County as a whole, Redfin's September 2026 median sale price was $912,957, down 0.2%. The county series is on our Los Angeles County market data page.
Los Angeles rents are at a record but barely rising
Zillow's typical Los Angeles rent was $2,772 in September 2026, its highest reading, but only 0.8% above a year earlier. Over five years rents rose 14.4%, faster than home values. With values flat and rents edging up, the gap between renting and owning narrows slowly. At the 7.24% mortgage rate Freddie Mac reported for the week of October 29, 2026, owning a typical home still costs about twice the typical rent each month (our Los Angeles cost of living guide shows the math).
Sale speed, price cuts and inventory in Los Angeles
How fast Los Angeles homes sell
Redfin's median days on market in the city was 56 for the three months to September 2026, slower than the county's 52 days in September. Only 22.7% of homes went under contract within two weeks, and 30.1% sold above list. The average sale closed at 99.2% of the list price. Across the Los Angeles metro, Zillow measured a mean of 50 days to pending in September 2026, up from 44 in May, and a sale-to-list ratio of 99.9% in August 2026.
Price cuts across the Los Angeles metro
Zillow reports that 24.4% of Los Angeles metro listings had a price cut in September 2026, up from 16.7% in February and slightly above the 23.8% of September 2025. Cuts rise every summer and fall here, so compare with the same month a year earlier. Redfin does not publish a city-level price-cut share, so ask how many active listings near your target home have cut their price.
Los Angeles inventory and months of supply
Redfin counted 8,383 homes for sale in the city at the end of the period, up 0.7% on a year earlier, and 5.4 months of supply. New listings rose 2.2% to 7,392, while homes sold fell 4.8% to 4,729. Three months of supply or less usually favors sellers and six or more favors buyers, so the city as a whole sits close to balanced, a little looser than the county's 4.5 months. Zillow counted 26,407 metro listings in September 2026, close to the 26,540 of a year earlier.
Los Angeles home prices by ZIP code
A city of almost 470 square miles has very different markets inside it. Redfin figures below are the three months to September 2026; Zillow figures are September 2026.
| ZIP (area) | Redfin median sale price | 1-year change | Days on market | Months of supply | Zillow typical value | Zillow 1-year |
|---|---|---|---|---|---|---|
| 90049 (Brentwood) | $2,755,440 | -3.4% | 61 | 6.3 | $2,966,542 | +6.1% |
| 90272 (Pacific Palisades) | $3,064,100 | -14.0% | 79 | 9.5 | $2,850,079 | -6.7% |
| 90027 (Los Feliz) | $1,569,539 | -15.2% | 42 | 4.6 | $1,769,300 | +4.3% |
| 90066 (Mar Vista) | $2,229,345 | +9.1% | 54 | 3.4 | $1,692,692 | +4.0% |
| 90045 (Westchester) | $1,692,753 | +3.9% | 37 | 3.2 | $1,469,676 | +1.5% |
| 90041 (Eagle Rock) | $1,404,587 | +7.7% | 45 | 2.2 | $1,268,286 | +1.7% |
| 91367 (Woodland Hills) | $1,107,425 | -3.0% | 50 | 4.4 | $1,089,951 | -0.2% |
| 91326 (Porter Ranch) | $1,214,643 | -6.6% | 42 | 4.3 | $1,206,863 | +0.4% |
| 91345 (Mission Hills) | $839,753 | +3.5% | 35 | 1.5 | $811,556 | +0.2% |
| 90731 (San Pedro) | $814,761 | -9.5% | 46 | 3.9 | $822,360 | -0.2% |
| 90020 (Koreatown) | $767,774 | -22.1% | 89 | 10.5 | $667,429 | -5.1% |
| 90015 (Downtown South Park) | $581,329 | +4.7% | 100 | 17.1 | $604,631 | -4.9% |
| 90044 (South LA) | $675,801 | -2.8% | 58 | 5.4 | $641,836 | -0.6% |
Where Los Angeles values are still rising
Zillow's largest one-year gains among city ZIPs were on the Westside and in the hills: 90049 (+6.1%), 91607 Valley Village (+4.4%), 90027, 90067 Century City and 90077 Bel Air (each +4.3%), and 90035 and 90066 (+4.0%). The tightest supply was in mostly single-family ZIPs away from the Westside: 91345 Mission Hills at 1.5 months, 90248 at 2.1, 90041 Eagle Rock at 2.2 and 90710 Harbor City at 2.4.
Where Los Angeles values are falling
The weakest ZIPs are condo and apartment districts near the core and Pacific Palisades after the January 2025 fire. Zillow's value fell 6.7% in 90272, 5.7% in 90005, 5.1% in 90020, 4.9% in 90015 and 4.7% in 90057. Downtown ZIPs 90012, 90013 and 90015 carry 11 to 17 months of supply. Small sales counts make single-ZIP Redfin medians swing; the 22.1% drop in 90020 came from only 15 sales. Our Los Angeles ZIP code guide covers every ZIP.
Condos, houses, luxury and new homes in Los Angeles
Los Angeles condos vs single-family homes
Condos are the slow part of the market. Countywide, Redfin's September 2026 condo median was $644,414, up 4.8%, but condos took a median 73 days to sell, carried 6.3 months of supply, and only 16.0% sold above list. Single-family homes had a median of $999,433, flat on the year, sold in 46 days and had 3.8 months of supply. Inside the city, the Westwood condo ZIP 90024 had a three-month condo median of $999,970, down 11.1%, with 104 days on market. Our Los Angeles condo guide covers buildings, HOA dues and inspections.
Los Angeles townhouses and small apartment buildings
Redfin's September 2026 county townhouse median was $729,858, down 2.8%, with 59 days on market. Two-to-four-unit buildings, common in older city neighborhoods, had a median of $999,435, down 4.8%, with 8.0 months of supply, the loosest of any type. Buyers of small rental buildings should price in rent-control rules and seismic retrofit orders before offering.
The Los Angeles luxury market and Measure ULA
Sales above about $5.4 million carry the city's Measure ULA transfer tax: 4% from $5.4 million and 5.5% from $10.9 million for sales closing after June 30, 2026, on top of the city's 0.45% base rate and the county's 0.11%. Sellers near the threshold often price just under it. See our California transfer tax guide for how the taxes stack.
New construction in Los Angeles
New homes are a small slice: about 7.8% of the city's housing units were built in 2010 or later (Census ACS 2020-2024), and most of those are apartments. Current for-sale projects are on our new homes in Los Angeles page.
Is now a good time to buy a home in Los Angeles?
For buyers, the data show room to negotiate, without a crash. Values are about 4% below their December 2024 peak, homes take 56 days to sell, one listing in four in the metro has cut its price, and the city has 5.4 months of supply. The cost of borrowing is the obstacle: at 7.24%, principal and interest on a $927,891 home with 20% down is about $5,060 a month before tax and insurance. Buying makes the most sense if you plan to stay at least five to seven years and can carry the payment without counting on a lower rate later.
The best leverage is in condos and in the slower ZIPs: Downtown, Koreatown, Westwood condos and Pacific Palisades all show long market times. Ask for the sale history of the last five comparable homes, the days on market of the home you want, and any price cuts. Keep your inspection and loan contingencies unless you understand what you give up. In fire-zone hillsides, get an insurance quote before you remove the contingency.
Is now a good time to sell a home in Los Angeles?
For well-priced single-family homes in tight ZIPs, yes: Eagle Rock, Mission Hills, Westchester and Harbor City all have under 3.5 months of supply, and 30.1% of city sales still closed above list. Condo and small-building sellers face slower sales and more negotiation. Price from recent sales in your own ZIP and property type, not the citywide median. Waiting is unlikely to pay on its own: Zillow's forecast for the metro is close to flat. If you need speed over price, compare options on our sell your Los Angeles house fast page.
Los Angeles housing market forecast
We do not make our own forecasts. Zillow's Home Value Forecast for the Los Angeles metro, based on September 2026 data, expects values to change by -0.1% by October 2026, -1.0% by December 2026, and +1.9% by September 2027. That is a small seasonal dip followed by a modest gain. Forecasts like this have been revised often and depend heavily on mortgage rates. The signals to watch each month are months of supply, the share of price cuts and the sale-to-list ratio, all of which we update on the county data page.