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Los Angeles real estate market overview

  • Average Monthly Rent: $2,384
  • Home Price/Value Percentage Change: 2%
  • Median Home Value: $688,700
  • Best Time To Sell a Home: July
  • Affordability Index: 63
  • Days To Sell a House: 65
  • Job Market: Weak
  • Public School Ranking: 38

Location and weather

Los Angeles is on a coastal plain situated between the mountains and the Pacific Ocean in southern California. Los Angeles county has more than 90 other incorporated cities, including Beverly Hills, Pasadena, and Long Beach. Two of the Channel Islands, Santa Catalina and San Clemente are also in Los Angeles county.

With the Pacific Ocean to the west and the Mountains to the east, the views are spectacular, and the climate is near perfect in temperature. From early July to the end of September the average high temperature is above 81% with the lows in the mid 60's. The cool season from late November through March has an average high temperature below 70 degrees and lows in the high 40's.

Sell my house fast in Los Angeles, California

Population, job market and cost of living

As the second most populated city and metropolitan area after New York City in the US, Los Angeles had a population of 3,990,456 with an annual growth rate of 0.21%.

The job market in Los Angeles has increased by 0.7% over last year. The ten-year predicted job growth is 34.6%. Besides Los Angeles rich movie and entertainment industry, there are other major employers including California Pizza Kitchen, AECOM, Forever 21 and Guess.

The cost of living is high primarily due to the Los Angeles real estate market with pricey housing due to demand and such a desirable location. With it's almost perfect climate, tourism and diverse businesses, steady job growth and beautiful location, Los Angeles will continue to attract those that seek the LA lifestyle on the west coast.

Los Angeles real estate market details

Hottest neighborhoods

  • Silver Lake
  • West Hollywood
  • Greater Wilshire
  • Studio City
  • Hollywood Hills
  • Los Feliz
  • Tolica Lake
  • Venice

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