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Wednesday, December 18, 2024

Los Angeles County home prices fell in Q1

Realestate4

The median sale price of a home sold in the first quarter of 2023 in Los Angeles County fell by $83,500 while total sales decreased by 32.2%.

From January through March of 2023, there were 1,500 homes sold, with a median sale price of $831,500 - a 9.1% decrease from the $915,000 median sale price for the same period of the previous year. There were 2,213 homes sold in Los Angeles County in the first quarter of 2022.

The following histogram displays changes in median sales prices in Los Angeles County from January 2022 to March 2023.

Q1 2022Q2 2022Q3 2022Q4 2022Q1 2023$915000$915000$900000$900000$850000$850000$825000$825000$831500$831500

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