In October 2024, the median sale price of a home in Los Angeles County rose by $7,500 from the same period in the previous year, while total sales increased by 170.6%, according to BlockShopper.com.
There were 974 homes sold in October 2024, with a median sale price of $877,500 — a 0.9% increase over the $870,000 median sale price during the same period of the previous year. In comparison, 360 homes were sold in Los Angeles County in October 2023.
Based on the latest available data from 2022, the median sales tax in Los Angeles County was $5,297, which stands at 0.6% of October 2024’s median home sale price.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Los Angeles County from October 2023 to October 2024.
