Los Angeles, CA 90024 Real Estate Market Report
ZIP Code: 90024
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Los Angeles are averaging 6.30%, reflecting the broader market environment for property owners in this area as of May 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary market signal is the median sold price of $3,879,000, which represents the best available indicator of recent transaction-level value in ZIP 90024 and should be treated as the representative recent sale benchmark for underwriting and comps.
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There is a notable spread between the median listing price of $6,972,500 and the median sold price, which suggests pricing friction and potential seller expectation gaps; this may indicate opportunities for negotiated deals when paired with slower sales velocity reflected in the market.
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Transaction velocity is slow: the median days on market of 344 points to prolonged time-to-contract versus typical turnover, which appears to signal reduced market heat and may increase buyer leverage during negotiations.
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Macro and near-term directional signals are negative or neutral: the price year-over-year trend is down and the market temperature is neutral, while interest rate pressure is elevated (current 30-year fixed mortgage rates at 6.30%), collectively indicating a cautious, more balanced environment where buyers may find negotiation room but financing costs remain a headwind.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Sold below market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Los Angeles, CA 90024 Real Estate Market Report
ZIP Code: 90024
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Los Angeles are averaging 6.30%, reflecting the broader market environment for property owners in this area as of May 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
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The primary indicator of current market value is the median sold price: $1,175,000, which should be treated as the representative recent sale benchmark for SFR and condo valuations in ZIP 90024; use sold-price data over asking price when setting offers.
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There is a notable spread between seller expectations and transaction prices: the median listing price of $1,425,000 sits above the median sold price, which may indicate pricing friction and downward pressure that creates negotiation opportunities for buyers.
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Market velocity is slow: the median days on market of 332 points to extended marketing periods and slower sales velocity, which suggests buyers may secure concessions or longer contingency windows when transacting. slower sales do not necessarily imply distressed conditions but do signal cooling demand.
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Broader market context is mixed: market temperature is neutral while interest rate pressure is described as elevated and rent year-over-year trend is down; median market rent at $4,850 is available but cooling rents and higher rates may temper investor appetite and favor cautious pricing assumptions.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold at market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.3% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
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