Los Angeles, CA 90024 Real Estate Market Report

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

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

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of recent transactions is the 2,760,000 median sold price, which points to realized market value for SFR and condominium sales and suggests pricing is concentrated around high-end transactions in this ZIP code; representative recent sale framing may be more informative than asking-price signals.
2. There is a notable gap between the 4,950,000 median listing price and the 2,760,000 median sold price, which may indicate pricing friction and room for negotiation as sellers adjust expectations to completed sales.
3. Prolonged median days on market at 348 signals slower sales velocity and suggests softening liquidity relative to faster-moving markets; this appears consistent with a neutral market temperature rather than a heated short-supply environment.
4. Macro and demand-side context: year-over-year prices are up while rents are flat, and elevated interest rate pressure (current mortgage rates ~6.5% vs ~5.6% earlier in 2026) creates headwinds for affordability; combined with relatively constrained active supply in the analyzed sample, this suggests a balanced market with selective opportunities for buyers who can navigate financing costs.

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.