Los Angeles Housing Market

By Catherine Yeh

The median home sale price in Los Angeles remained unchanged in January compared to the same time last year, while national prices rose by 1.3%.

Los Angeles home sale prices improved in January

The median home price in Los Angeles remained unchanged from January 2025 to January 2026 at $880,000. The flat market was an improvement after December showed a -1.7% year-over-year decline, but it continued a stretch of four months where Los Angeles lagged the national appreciation rate. The last time Los Angeles lagged the national rate for an extended period was in 2023, when it underperformed for 23 straight months.

Los Angeles ranks fourth highest in home prices among major markets both nationwide and within California.

Los Angeles has the nation's fourth highest median home price at $880,000, with all top four most expensive cities located in California. San Jose, San Francisco, and San Diego were all pricier than Los Angeles in January. Price appreciation in California cities ranged widely- of the six major cities, San Diego (1.7%) and San Francisco (0.6%) outperformed Los Angeles. Sacramento (-1.3%), Inland Empire (-2.5%), and San Jose (-3.3%) had inferior home price growth compared to Los Angeles.

Los Angeles condo owners face steep declines in sale pricing

January’s median condominium sale price was $599,000, dipping below $600,000 for the first time since 2022. January’s median price of $599,000 is a 4.2% drop compared to the same time last year.


Data point boxes showing key median home sale price indicators for January in the Los Angeles market, and comparing them to National figures, with Los Angeles underperforming compared to National pricing trends.
Home sale prices for Los Angeles remained unchanged when comparing January 2026 vs. January 2025.


Bar chart showing Los Angeles' monthly home sale prices, showing Los Angeles ended January 2026 with a home sale price of $880,000.
Monthly Home Sale Prices in Los Angeles, with January 2026 closing at $880,000.


Bar chart showing Los Angeles' monthly home sale prices, showing Los Angeles ended January 2026 with a home sale price of $880,000.
January's annual price change was 0%, an improvement over December's -1.7% change.


Area chart showing the year-over-year change in home sale prices for Los Angeles, with 0% change in January 2026 compared to the same month in 2025.
Housing price gains have shrunk in recent years compared to the huge jumps seen in 2021-2022.


Bar chart showing the sale price in the month of January from 2018 through January 2026 in Los Angeles.
While year-over-year prices remain unchanged, January 2026 prices versus January 2018 prices have increased 53%.


Bar chart showing the year-over-year percent change in median home sale price in January over the past nine years, with Los Angeles' median home sale price unchanged at 0% in January 2026.
Home sale prices have typically seen positive appreciation over the past nine years, with the exception of this year and 2023.


Bar chart showing median home sale prices in January, with Los Angeles ranked 4th out of 40 U.S. markets.
Los Angeles has the fourth most expensive median home price in the nation among the top 40 US markets.


Bar chart showing the percentage change in home sale prices in January compared to the same month the previous year, with Los Angeles ranked 21st out of 40 U.S. markets.
On a price appreciation percentage change basis, Los Angeles ranks 21st of the top 40 markets for January.


Data point boxes showing home sale price trends by home type, including detached, attached, and condos. It shows that all property types experienced a decline in prices in January 2026 compared with one year ago.
All property types experienced an annual decline but attached home types had the largest decline at -4.8%.


Data box shows the sale price in thousands by property type and the annual percentage change. In January, Detached homes led property types with a -0.2% annual decrease in January to $968,000, Attached homes had a -4.8% annual decrease to $714,000 and Condos had a -4.2% annual decrease to $599,000.
Condo prices decreased annually by -4.2%, dipping below $600,000 for the first time since 2022.

For questions and commentary about this report:

Catherine Yeh, Director of Market Analytics at CoStar and Homes.com, based in Los Angeles, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Catherine Yeh

Director of Market Analytics

Homes.com

cyeh@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all home sales are accounted for, they provide an early indication of home sale price appreciation in Los Angeles during January 2026.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.

Writer
Catherine Yeh

Catherine Yeh is the Director of Market Analytics for CoStar and Home.com for the Los Angeles market. She analyzes office, retail, and multifamily data as well as provides insights into home prices, inventory levels, rental conditions, and economic factors shaping the housing market. She has more than 13 years of experience in real estate, previously holding positions in research and asset management at VTS, Manulife Investment Management, Westfield-Unibail-Rodamco, and American Realty Advisors. Catherine’s work has appeared in The Wall Street Journal and CNN. She often delivers keynote speeches and educational presentations at industry and client events and she has a bachelor's degree in finance from the University of Illinois at Urbana-Champaign.

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