The Central LA housing market is somewhat competitive. Homes in Central LA receive 3 offers on average and sell in around 70 days. The median sale price of a home in Central LA was $1.2M last month, down 10.2% since last year. The median sale price per square foot in Central LA is $734, down 12.5% since last year.
What is the housing market like in Central LA today?
In March 2024, Central LA home prices were down 10.2% compared to last year, selling for a median price of $1.2M. On average, homes in Central LA sell after 70 days on the market compared to 70 days last year. There were 652 homes sold in March this year, down from 670 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$1,212,500
-10.2% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Central LA, CA
$1,212,500
-10.2%
United States
To compare other locations to the Central LA and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Los Angeles add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Central LA housing market?
Central LA is somewhat competitive. Homes sell in 55 days.
0
100
45
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 55 days.
Hot homes
can sell for about 2% above list price and go pending in around 28 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
Third Street Elementary School
Public • K-5
614
Students
29 reviews
9/10
Melrose Elementary School
Public • K-5 • Choice school
443
Students
38 reviews
9/10
Hoover Street Elementary School
Public • K-5
744
Students
3 reviews
9/10
Wonderland Avenue Elementary School
Public • K-5
516
Students
27 reviews
9/10
Queen Anne Place Elementary School
Public • K-5
412
Students
2 reviews
Only showing 5 of
100+ elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Central LA housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Central LA.
Risk Factor
Flood Factor - Moderate
17% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Central LA has a moderate risk of flooding. 6,306 properties in Central LA are likely to be
severely affected
by flooding over the next 30 years. This represents 17% of all properties in Central LA. Flood risk is increasing slower than the national average.
76% of properties are at risk of wildfire over the next 30 years
Fire Factor
Central LA has a major risk of wildfire. There are 78,766 properties in Central LA that have some risk of being affected by wildfire over the next 30 years. This represents 76% of all properties in Central LA.