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Los Angeles, California

Know what your Los Angeles home is really worth

The nation's second-largest city delivers a $570K median sale price across 115 active listings, with a market that ranges from Silver Lake bungalows and Mid-City condos to Beverly Hills estates and Malibu oceanfront homes.

Los Angeles market snapshot

Median Sale Price
$570K
Median Days on Market
49 days
Active Listings
115

RentCast market data · Los Angeles County County, California

About Los Angeles, California

Los Angeles (LA) is the most populous city in the U.S. state of California, and the commercial, financial, and cultural center of Southern California. With an estimated 3.88 million residents within the city limits as of 2024, it is the second-most populous city in the United States, behind New York City, and the largest city in the Western United States. The city has an ethnically and culturally diverse population, and is the principal city of a metropolitan area of 12.9 million people (2024). Greater Los Angeles, a combined statistical area that includes the Los Angeles and Riverside–San Bernardino metropolitan areas, is a sprawling metropolis of over 18 million residents.

The majority of the city proper lies in the Los Angeles Basin adjacent to the Pacific Ocean in the west and extending partly through the Santa Monica Mountains and north into the San Fernando Valley, with the city bordering the San Gabriel Valley to its east. It covers about 469 square miles (1,210 km2), and is the county seat and most populated city of Los Angeles County, which is the most populous county in the United States with an estimated 9.86 million residents as of 2022. It is the third-most visited city in the U.S. (after New York City and Miami), with over 3.6 million visitors as of 2023.

The area that became Los Angeles was originally inhabited by the indigenous Tongva people and later claimed by Juan Rodríguez Cabrillo for Spain in 1542. The city was founded on September 4, 1781, under Spanish governor Felipe de Neve, on the village of Yaanga. It became a part of the First Mexican Empire in 1821 following the Mexican War of Independence. In 1848, at the end of the Mexican–American War, Los Angeles and the rest of California were purchased as part of the Treaty of Guadalupe Hidalgo and became part of the United States. Los Angeles was incorporated as a municipality on April 4, 1850, five months before California achieved statehood. The discovery of oil in the 1890s brought rapid growth to the city. The city was further expanded with the completion of the Los Angeles Aqueduct in 1913, which delivers water from Eastern California.

Los Angeles by the numbers

Population 3,857,897 · Median age 36.9 yrs · Census ACS 2023

Median household income

Los Angeles's median household income of $80,366 compares to $96,334 statewide and $78,538 nationally, per Census ACS 2023 5-year estimates.

Median age (years)

The median age in Los Angeles is 36.9 yrs, compared to 37.6 yrs for California and 38.7 yrs nationally.

Foreign-born residents

35.8% of Los Angeles residents were born outside the U.S., vs. 26.7% statewide and 13.9% nationally.

Gender split

Los Angeles is 49.8% male and 50.2% female, per Census ACS estimates.

Population trend — Los Angeles

Los Angeles's population declined 2.7% from 2019 to 2023, per Census ACS 5-year estimates.

Source: U.S. Census Bureau, American Community Survey 2023 5-year estimates.

Los Angeles economy

Around 66.5% of the total population aged 16 and over make up Los Angeles in civilian labor force, while among female residents aged 16 and over the percentage is 61.0%. In 2022, accommodation and food services made $17,366,966, health care and social assistance sectors made $46,297,839, transportation and warehousing $25,410,257, and the retail sector $81,351,523, with residents spending an average of $21,281 in retail purchases throughout the year. From 2019 to 2023, the median household income in Los Angeles was $80,366 (2023 dollars), while the per capita income in the past 12 months was $46,270. Some 16.5% of Los Angeles residents have total incomes below the federal poverty line.

Source: Wikipedia article on Los Angeles under CC BY-SA 4.0.

Los Angeles real estate — frequently asked questions

What is the median home price in Los Angeles?
The median home sale price in Los Angeles, CA is $570,000, based on the most recent available sales data.
How long do homes stay on the market in Los Angeles?
Homes in Los Angeles sell in a median of 49 days.
What is the cost of living like in Los Angeles?
Los Angeles has a median household income of $80,366, per U.S. Census Bureau ACS estimates.
Who lives in Los Angeles?
Los Angeles has a population of 3,857,897 with a median age of 36.9 years, per U.S. Census Bureau ACS estimates.
How do I sell my home in Los Angeles?
Start with a free, no-obligation home value estimate. Enter your address above and we'll connect you with a licensed local real-estate professional familiar with the Los Angeles market within 24 hours.

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ForSaleAmerica.com is an online marketplace and is not a real estate brokerage in California. Property valuations shown are automated estimates based on public data and are not appraisals, comparative market analyses, or guarantees of sale price. We connect homeowners with top local agents and partners — we do not represent buyers or sellers.