Welcome to this overview of Los Angeles, a city in California with an interesting real estate market. In this text, we’ll provide you with insights on the city’s housing market, home values, crime rates, and other neighborhood resources. Whether you’re a property investor, realtor, manager, or simply interested in learning more about Los Angeles’ real estate landscape, read on to discover valuable information and resources.
OVERVIEW
Los Angeles is a city in California and consists of 107 neighborhoods. There are 7,263 homes for sale, ranging from $1 to $195M. Los Angeles has affordable duplex/triplexes.
- Median listing home price: $1.2M
- Median listing home price/Sq ft: $720
- Median sold home price: $949.5K
REAL ESTATE MARKET IN LOS ANGELES
Los Angeles, CA Housing Market
In December 2023, Los Angeles witnessed a 4.0% increase in home prices compared to the previous year, reaching a median price of $957K. Homes now typically sell in 49 days, compared to 57 days last year. The total number of homes sold decreased from 1,344 to 1,312. Read more.
Los Angeles Housing Market Trends And Forecast for 2024
Explore the Los Angeles housing market forecast for 2024, with data indicating a 5.0% increase in average home value, totaling $901,342. Swift sales within 18 days and a modest +0.7% growth forecast highlight a dynamic yet resilient market for buyers and sellers. Don’t miss out on the trends of the Los Angeles housing market.
Los Angeles Home Values
Check out Zillow’s report about Los Angeles home values.
INTERESTING STORIES
How communities are reimagining LA’s vacant lots
Citizens, contractors and community activists are reimagining the ways the lots can be utilized—with solutions ranging from temporary housing sites to plots for shared gardens. Learn more.
The Citizens of Skid Row: A View from Inside the Hub of L.A.’s Unhoused Community
Since the ’70s, this downtown has been a symbol of the city’s urban blight. But for the people who live there, it’s a neighborhood with codes and customs all its own. Learn more.
NEIGHBORHOOD RESOURCES
Los Angeles Crime Map
With a crime rate of 36 per one thousand residents, Los Angeles ranks among the highest in the U.S. One’s chance of being a victim is one in 28, with violent crime rates notably high. Property crimes, including theft and burglary, also contribute significantly to the city’s crime statistics. Read more.
Top Real Estate Agents
Looking for a real estate agent? Here are the 10 Top Real Estate Agents in Los Angeles by sales transactions.
LOS ANGELES HELPFUL REAL ESTATE ECONOMIC DEVELOPMENT RESOURCES
Community Development And Urban Renewal Associations
- Department of Housing and Community Development.
- Strong, Prosperous, And Resilient Communities Challenge (SPARCC).
- Inclusive Action for the City.
Community Development Support
- The Los Angeles County Development Authority (LACDA).
- Community Development Foundation (LACDF).
- West Angeles Community Development Corporation.
Small Business, Leadership, And Community Engagement
Community Support
- Heart of Los Angeles (HOLA).
- Community Investment For Families (CIFD).
- Los Angeles Housing Department.
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Community Outreach
DAWGS philanthropy efforts have touched many lives:
- Helping Veterans realize a brighter, better future
- Giving a homeless family hope and a newly furnished home
- Providing opportunities for inner city teenage girls to live happier and healthier lifestyles
- Rescuing dogs that have been abandoned
- Providing employment opportunities for individuals with developmental disabilities
Learn more here.