Los Angeles, CA 90024 Real Estate Market Report

ZIP Code: 90024
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Los Angeles, CA (ZIP: 90024) is characterized by a median sold price of $3,095,000, reflecting ongoing stability in transaction values. The market has shown a flat trend year-over-year, suggesting that while prices remain steady, there is limited upward momentum. This stability is accompanied by median days on market of 365, indicating a slower sales velocity and potential pricing friction as buyers exhibit more caution in their purchasing decisions.

The current market conditions reveal elevated inventory levels, with an excess supply relative to sales activity. This may indicate a shift towards a more balanced market, where buyers have increased negotiating power. Despite the median listing price being significantly higher at $19,497.5, the gap between listing and sold prices suggests that sellers may need to adjust expectations to align with buyer sentiment and market realities. Overall, the market appears to be in a neutral state, with moderate interest rate pressure impacting buyer behavior.

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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.

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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.

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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.

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Property Taxes

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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.

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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, CA are averaging 6.46%, which is 0.21% higher than the average rate of 6.25% observed a year ago.

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

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Key Findings

1. $3,095,000 is the median sold price, indicating stable transaction values in the market.

2. 365 days on market reflects a slower sales velocity, suggesting potential pricing friction for sellers.

3. Elevated inventory levels indicate excess supply relative to sales activity, which may shift negotiating power towards buyers.

4. The median listing price of $19,497.5 shows a significant gap compared to sold prices, suggesting sellers may need to adjust expectations.

5. Market conditions are characterized as neutral, with moderate interest rate pressure influencing buyer behavior.

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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.