Los Angeles Real Estate Price Trend
1-Year Median Housing Profit
+ 3.03%
5-Year Median Housing Profit
+ $14.14%
Current Median Housing Price
$ 762,692
1-Year Forecast
$ 785,809
5-Year Forecast
$ 870,546
Source. walletinvestor.com
Los Angeles Real Estate Profit Forecast
According to the walletinvestor.com, Los Angeles real estate prices have been in a bullish trend for the last 36 months and are projected to rise by around 3.03% per year over the next 5 years.
Average Price Per Square | Average Number of Square Feet
The site reports that Los Angeles real property averages $424 per square foot and, based on the Current Median Housing Price at $762,692, it can be inferred that the average property size is around 1,799 square feet.
Los Angeles Monthly Supply Inventory (MSI)
The Monthly Supply of Inventory (i.e.the number of months it would take for the current inventory of homes on the market to sell), is 2 months.
Buyer Or Seller's Market
According to realtor.com, for Los Angeles, California, there were more people looking to buy homes than there were homes available on the market, indicating that it is a Seller's Market.
Los Angeles Real Estate Price Trend
1-Year Median Housing Profit
+ 3.03%
5-Year Median Housing Profit
+ $14.14%
Current Median Housing Price
$ 762,692
1-Year Forecast
$ 785,809
5-Year Forecast
$ 870,546
Los Angeles Real Estate
Profit Forecast
According to the walletinvestor.com, Los Angeles real estate prices have been in a bullish trend for the last 36 months and are projected to rise by around 3.03% per year over the next 5 years.
Average Price Per Square | Average Number of Square Feet
The site reports that Los Angeles real property averages $424 per square foot and, based on the Current Median Housing Price at $762,692, it can be inferred that the average property size is around 1,799 square feet.
Los Angeles Monthly Supply Inventory (MSI)
The Monthly Supply of Inventory (i.e.the number of months it would take for the current inventory of homes on the market to sell), is 2 months.
Buyer Or Seller's Market
According to realtor.com, for Los Angeles, California, there were more people looking to buy homes than there were homes available on the market, indicating that it is a Seller's Market.