Los Angeles Real Estate Market Report - May 2026

The Los Angeles Market Surpasses $1 Million Average Price

In May 2026, the average home price in Los Angeles reached $1,088,066, a significant milestone reflecting the city's high demand and limited supply. The median price of $799,999 indicates a skew towards higher-value properties, with a wide range from $250 to $16,000,000.

Price Breakdown by Property Type

What This Means for Buyers

With 1,573 active listings and only 440 new listings in the past 30 days, inventory remains tight. Buyers should be prepared to act quickly and consider a range of property types, as houses dominate the market with 739 listings. Given the median price of $799,999, buyers may find more opportunities in condos and townhouses, which offer lower entry points and account for 521 listings combined.

What This Means for Sellers

Sellers in Los Angeles benefit from the high average price of $1,088,066 and limited inventory. With only 1,573 active listings, competition is reduced, allowing for potentially quicker sales and favorable negotiations. Sellers should highlight unique features to differentiate from the 440 new listings added in the last 30 days, capitalizing on the market's upward trend.

30-Second Takeaway

• The average home price in Los Angeles has surpassed $1 million, with a median of $799,999.
• Inventory is limited with 1,573 active listings; new listings in the past 30 days total 440.
• Buyers should be decisive and consider all property types, while sellers can leverage high demand and limited competition.