Section Image

Los Angeles Housing Market

By Catherine Yeh

The Los Angeles market is starting to feel more balanced

Median home prices increased by a modest 2.6% year over year, even as inventory of homes for sale continued to grow. In April, active listings rose by 2.4% and new listings increased by 6.5%. Meanwhile, fewer homes are selling, giving buyers more leverage.

Home sales slip compared to last April, as economic concerns weigh on the market

Home sales fell 4.0% year over year to 4,307, down 179 transactions from April 2025. Elevated unemployment, tepid job growth, and population loss continue to weigh on the housing market. Gas prices have climbed over $6 per gallon, increasing affordability pressures, making buyers more price sensitive, and possibly delaying purchase decisions.

Rising inventory gives buyers more options– but not for single-family homes

Active listings reached 19,447, their highest level since October 2025 and a 2.4% increase year over year. Condos drove the surge, jumping 15.4% from last April and pushing supply to a record 7 months. In contrast, single-family homes remain in high demand in Los Angeles, and inventory decreased for a fourth consecutive month in April. Supply is more balanced at 4.4 months.

Home prices break six-month streak of negative or flat growth

In April, home prices rose 2.6% year over year to $935,000, signaling healthy demand at the start of the spring buying season, especially for well-priced homes in popular neighborhoods. It was the first meaningful annual price gain since September, following several months of flat or declining prices. Prices increased across all property types, led by single-family homes, up 3.4%, reaching the median sale price of $1,050,000, followed by condos, up 3.0% to $685,000, and townhomes posting the smallest increase, up 0.3% to $762,500. With this rebound, Los Angeles regained its position as the nation’s third most expensive market, moving ahead of San Diego after trailing it last month.


Dashboard-style summary showing Los Angeles $935,000 median price, 19,477 active listings, and 4,307 home sales.
For April, the median sale price is $935,000, there are 19,477 active listings, and 4,307 homes sold.


Los Angeles Sale Prices

The median home sale price in Los Angeles increased by 2.6% compared to the same time last year, while the national median price rose by 1.7%.

Los Angeles ranks 10th for annual median price change among the top 40 US markets

Los Angeles’s median home price rose by $23,500 year over year on a nominal basis in April to $935,000. Meanwhile, the national median home price increased by $6,500 to $390,000.

Los Angeles’s median home sale price is above the nation’s

Los Angeles was the third highest-priced housing market among the top 40 largest markets last month. The Los Angeles median home price of $935,000 was 139.7% above the national median home price. Los Angeles’s median home price in April compares to the market’s peak of $955,000 recorded in June of last year.

Los Angeles single-family prices increase

The median price of Los Angeles single-family homes rose $35,000 over the past year to $1,050,000, while the median townhome price grew 0.3%, and the median condo price rose 3.0%.


Dashboard-style summary showing Los Angeles $935,000 median price, 2.6% growth, ranking 3rd versus U.S. $390,000 baseline.
In April Los Angeles median sale prices reached $935,000, up 2.6% or $23,500 year over year, which ranked third nationally.


Bar chart showing Los Angeles sale prices rising from about $600K in 2018 to roughly $935K in 2026.
Home prices in Los Angeles climbed to roughly $935,000 in 2026, marking a sustained recovery following a 2023 dip and approaching prior peak levels.


Area chart of annual price changes showing swings from 25% peak to negative 2023 dip, stabilizing near 2–3%.
Annual price growth normalized to low single digits, with recent gains near 3% following volatile swings that included a peak above 25% and a contraction in 2023.


Column chart of April year-over-year price changes showing 2.6% latest growth compared to prior peaks above 20%.
April price growth registered 2.6% in the latest reading, a modest rebound from 1.3% the prior year and well below the 22.4% surge recorded in 2021.


Horizontal bar chart ranking metros; Los Angeles at $935K, trailing San Francisco and San Jose, above most U.S. cities.
At $935,000, Los Angeles ranked among the top U.S. markets—behind San Francisco ($1.7 million) and San Jose ($1.655 million), but ahead of most major metros.


Horizontal bar chart of metro price growth; Los Angeles at 2.6%, below leaders near 8% and above some negative-growth markets.
Los Angeles posted 2.6% annual price growth, placing it in the middle of major metros, trailing leaders like Cleveland (8.1%) but ahead of several Sun Belt markets that experienced declines.


Grid showing property types: single-family $1.05M (3.4%), townhome $762K (0.3%), condo $685K (3.0%) in Los Angeles.
Single-family homes command the highest prices at $1.05 million with 3.4% growth, while condos ($684,995) and townhomes ($762,500) show more modest gains of 3.0% and 0.3%, respectively.


Side-by-side bar charts comparing prices and growth; single-family has the highest price and growth, and townhome has the weakest growth in Los Angeles.
Price levels remained highest for single-family homes, while single-family homes had the largest price appreciation (3.4%), followed by condos (3.0%), and townhomes (0.3%).


Los Angeles Inventory

The number of active listings in Los Angeles increased by 2.4% in April compared to the same time last year, while nationwide active listings rose by 6.3%.

Los Angeles’ inventory of homes for sale increases

Los Angeles active listings rose by 465 year over year in April to 19,447 active listings. Los Angeles ranked 30th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in April.

Los Angeles active listings were below their pre-pandemic levels

Los Angeles active listings were below their pre-pandemic levels in the month of April. Los Angeles active listings were 15.8% below the April 2019 total of 23,106.

Los Angeles single-family inventory decreases

Los Angeles single-family active listings decreased by 2.7% to 12,970 in April. In comparison, townhome active listings rose by 13.2% to 2,098 and condo active listings increased by 15.4% to 4,379.


Dashboard showing Los Angeles 19,447 listings, up 2.4% (to 465 units), ranking 10th inventory and below U.S. 6.3% growth.
Los Angeles inventory reached 19,447 active listings, up 2.4% year over year to 465 units, which ranked 10th nationally for total listings but just 30th for growth—well below the U.S. increase of 6.3%.


Bar chart of Los Angeles listings from 2018–2026, recovering to about 19,500 but still below pre-2020 peak levels.
Active listings rebounded to roughly 19,500 in 2026, rising from 2023 lows but remaining below the 2019 peak near 24,000.


Area chart showing volatile listing growth swings from 30% to -35%, stabilizing near 2–3% in Los Angeles.
Annual inventory growth stabilized near low single digits, with recent gains around 3%. Inventory growth saw sharp volatility in prior cycles.


Column chart of April listing changes, showing 2.4% growth in 2026, down from 27.3% peak in 2025.
April inventory rose 2.4% year over year, a sharp slowdown from the 27.3% surge in 2025 and well below earlier pandemic-era swings.


Horizontal bar chart ranking metros; Los Angeles at 19,447 listings, below Houston and Dallas but among top 10 markets.
With 19,447 active listings, Los Angeles ranked mid-tier among major metros, trailing leaders like Houston (42,808) and Dallas-Fort Worth (38,838).


Horizontal bar chart of listing growth; Los Angeles at 2.4%, lagging top metros above 20% and ranking mid-to-lower tier.
Los Angeles posted 2.4% annual inventory growth, placing it below most major metros and far behind leaders like Columbus (25.4%) and Seattle (22.0%).


Grid showing listings by type: single-family 12,970 (-2.7%), townhome 2,098 (+13.2%), condo 4,379 (+15.4%) in Los Angeles.
Single-family listings totaled 12,970 but declined 2.7%, while townhome (2,098) and condo (4,379) inventory surged 13.2% and 15.4%, respectively, —driving overall growth.


Side-by-side bar charts showing highest inventory in single-family homes but strongest growth in condos and townhome units.
Inventory remained concentrated in detached homes, but growth was driven by condos (up 15.4%) and townhome units (up 13.2%), while single-family supply continued to contract (down 2.7%).


Los Angeles Home Sales

The number of home sales in Los Angeles decreased by 4.0% in April compared to the same time last year, while national home sales rose by 0.6%.

Los Angeles home sales decrease

Los Angeles home sales declined by 179 year over year on a nominal basis in April to 4,307. For context, 4,486 sales closed in Los Angeles in April 2025.

Los Angeles’ annual home sales activity change ranks 33rd nationally

Los Angeles ranked 33rd for the annual change in home sales out of the top 40 U.S. markets in April on a percentage basis. This year’s April decrease of 4.0% compares to the 3.7% year over year decline in April 2025.

Single-family sales in Los Angeles are lower than a year ago

Los Angeles single-family sales decreased by 3.3% in April to 3,203 total sales. In comparison, townhome sales rose by 4.3 % to 438 and condo sales fell by 11.6% to 666.

Los Angeles single-family inventory decreases

Los Angeles active listings are below their pre-pandemic levels.


Dashboard showing 4,307 Los Angeles sales, down 4.0% (179 less transactions), ranking 9th volume and trailing U.S. 0.6% growth.
Los Angeles recorded 4,307 home sales, down 4.0% year over year (179 fewer transactions), which ranked ninth nationally for volume but lagged the U.S., which posted modest 0.6% growth.


Bar chart of Los Angeles home sales from 2018–2026, peaking above 7,000 in 2021 and stabilizing near 4,300 recently.
Sales activity stabilized near 4,000–4,500 in 2026, well below the 2021 peak of more than 7,000, reflecting a slower post-pandemic recovery.


Area chart showing volatile home sales growth, with 95.6% spike in 2021 and recent slightly negative trends in Los Angeles.
Annual sales growth remained volatile, but recently has trended slightly negative, following a sharp 95.6% surge in 2021 and steep declines through 2022–2023.


Column chart of April sales changes showing a decrease of 4.0% in 2026, down from positive 3.7% in 2025 and 14.0% in 2024.
April sales declined 4.0% year over year, reversing gains of 3.7% in 2025 and trailing the stronger 14.0% rebound in 2024.


Horizontal bar chart ranking metros; Los Angeles at 4,307 sales, trailing top markets like Chicago and Dallas substantially.
With 4,307 sales, Los Angeles ranked mid-tier among major metros, well below leaders like Chicago (8,816) and Dallas-Fort Worth (8,370).


Horizontal bar chart of metro sales growth; Los Angeles declined 4.0%, underperforming markets with double-digit gains.
Los Angeles posted a 4.0% annual decline, which was among the weaker-performing markets, lagging leaders like San Francisco (16.8%) and Salt Lake City (11.4%).


Grid showing sales by type: single-family 3,203 (down 3.3%), townhome 438 (up 4.3%), condo 666 (down 11.6%) in Los Angeles.
Single-family sales dominate at 3,203 but fell 3.3%, while townhomes rose 4.3% (438 sales) and condos declined sharply 11.6% (666 sales).


Side-by-side bar charts show highest sales in single-family homes, with growth in townhome and declines in condos in Los Angeles.
While single-family homes accounted for the bulk of transactions, recent momentum was mixed—attached sales were growing (4.3%) as condo activity contracted (11.6%).


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 transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Los Angeles during April 2026.

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.

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.

Definition of Inventory

Inventory is the number of unique active listings that were for sale 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.

Definition of Home Sales

The total number of closed home sales on the MLS during the 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.

 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 Homes.com for the Los Angeles market. She analyzes office, retail, and multifamily data as well as provides insights into home prices, inventory levels, 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 major publications such as The Wall Street Journal, CNN, and the New York Post, where she has also been cited. She often delivers keynote speeches and educational presentations at industry and client events and she holds a bachelor's degree in finance from the University of Illinois at Urbana-Champaign.

Read Full Bio

To explore previous editions of this report, please visit our archive.