Home Values

Los Angeles Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$525,200

  • 11.1% 1-year change
  • 6.2% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Neutral

Buyers' Market
Sellers' Market

The median home value in Los Angeles is $525,200. Los Angeles home values have gone up 11.1% over the past year and Zillow predicts they will rise 6.2% within the next year. The median list price per square foot in Los Angeles is $371, which is higher than the Los Angeles Metro average of $345. The median price of homes currently listed in Los Angeles is $580,000 while the median price of homes that sold is $540,425. The median rent price in Los Angeles is $2,220, which is higher than the Los Angeles Metro median of $2,180.

Foreclosures will be a factor impacting home values in the next several years. In Los Angeles 2.2 homes are foreclosed (per 10,000). This is greater than the Los Angeles Metro value of 1.7 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Los Angeles is 7.9%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Los Angeles homeowners underwater on their mortgage is 9.3%, which is lower than Los Angeles Metro at 9.3%.

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Relative ZHVI
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Los Angeles Market Overview

Data through Aug 31, 2014
  • $525,200 ZHVI
  • 6.2% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Aug 31, 2015)
  • $580,000 Median listing price
  • $540,425 Median sale price
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Los Angeles Market Health

Data through Aug 31, 2014
  • 8.2/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 7.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes Los Angeles
1.7 homes Los Angeles Metro
4.3 homes United States
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Neighborhoods in Los Angeles

Name Median ZHVI
Bel Air $2,750,500
Beverly Glen $1,905,400
Mid City West $1,238,700
Name Median ZHVI
Cahuenga Pass $1,109,300
Studio City $983,300
Westwood $920,800
Name Median ZHVI
Century City $884,600
Valley Village $743,600
Toluca Lake $737,400

Listings & Sales

Data through Aug 31, 2014
  • $371 Median list price / sq ft
  • $369 Median sale price / sq ft
  • 33.3% Listings with price cut
9.8%
Sold below listing
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Los Angeles Rentals

Data through Aug 31, 2014
  • Zillow Rent Index

  • $2,429 Los Angeles
    $2,409 Los Angeles Metro
    $1,328 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,220 Rent list price
  • $2.24 Rent list price / sq ft
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