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Tuesday, December 24, 2024

Falling home valuation prices in Los Angeles County in June 2023 compared to June 2022

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In June 2023, the median sale price of a home in Los Angeles County fell by $18,500 from the same period in the previous year, while total sales increased by 150.4%, according to BlockShopper.com.

Data shows that there were 3,325 homes sold in June 2023, with a median sale price of $844,000 - a 2.1% decrease from the $862,500 median sale price for the same period of the previous year. There were 1,328 homes sold in Los Angeles County in June 2022.

For context, the median sales tax in Los Angeles County, based on the latest available data from 2022, was $5,297, which stands at 0.6% of June 2023's median home sale price.

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

June 2022July 2022August 2022September 2022October 2022November 2022December 2022January 2023February 2023March 2023April 2023May 2023June 2023$862,500$862,500$860,000$860,000$845,000$845,000$850,000$850,000$835,000$835,000$830,000$830,000$810,000$810,000$780,000$780,000$814,000$814,000$860,000$860,000$890,000$890,000$882,500$882,500$844,000$844,000

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