Los Angeles Real Estate Market Report - July 2026

Los Angeles Market Sees Average Home Price Surpass $1 Million

The average home price in Los Angeles has reached $1,089,951, marking a significant milestone in the housing market. With a median price of $799,000, the market remains competitive, especially for mid-range properties.

Price Breakdown by Property Type

The market consists of 694 houses, 381 condos, and 117 townhouses. The diverse range of properties, from $425 to $19,500,000, offers options across various budgets.

Implications for Buyers

With 1,483 active listings and 377 new listings in the past 30 days, buyers have a decent selection but must act swiftly. The median price of $799,000 suggests that competitive offers are necessary, especially in desirable areas. Buyers should prioritize pre-approval to strengthen their offers and consider properties slightly below their maximum budget to allow room for negotiation.

Implications for Sellers

Sellers in Los Angeles can leverage the average price of $1,089,951 to maximize their returns. With only 1,483 active listings, limited supply could drive demand for well-priced homes. Sellers should ensure their properties are market-ready to capitalize on high buyer interest and consider pricing strategies that align closely with the median price to attract multiple offers.

30-Second Takeaway

The Los Angeles real estate market is defined by an average home price exceeding $1 million and a median price of $799,000. With 1,483 active listings and a range of properties from $425 to $19,500,000, both buyers and sellers must strategize effectively. Buyers should act quickly with pre-approved financing, while sellers can benefit from the limited supply and high demand, particularly for homes priced near the median.