The Downtown Los Angeles housing market is not very competitive. The median sale price of a home in Downtown Los Angeles was $586K last month, down 0.34% since last year. The median sale price per square foot in Downtown Los Angeles is $646, down 0.39% since last year.
What is the housing market like in Downtown Los Angeles today?
In March 2024, Downtown Los Angeles home prices were down 0.34% compared to last year, selling for a median price of $586K. On average, homes in Downtown Los Angeles sell after 95 days on the market compared to 72 days last year. There were 52 homes sold in March this year, up from 44 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$585,500
-0.34% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Downtown Los Angeles, CA
$585,500
-0.34%
United States
To compare other locations to the Downtown Los Angeles 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 Downtown Los Angeles housing market?
Downtown Los Angeles is not very competitive. Homes sell in 96 days.
0
100
21
Not Very 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
Multiple offers are rare.
The average homes sell for about 3% below list price and go pending in around 96 days.
Hot homes
can sell for around list price and go pending in around 35 days.
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
7/10
San Pedro Street Elementary School
Public • K-5
680
Students
8 reviews
5/10
Twentieth Street Elementary School
Public • K-5
600
Students
4 reviews
5/10
Union Avenue Elementary School
Public • K-5
1078
Students
9 reviews
5/10
Gratts Learning Academy For Young Scholars (glays)
Public • K-5
497
Students
3 reviews
5/10
Tenth Street Elementary School
Public • 1-5
609
Students
3 reviews
Only showing 5 of
17 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 Downtown Los Angeles housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Downtown Los Angeles.
Risk Factor
Flood Factor - Minor
10% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Downtown Los Angeles has a minor risk of flooding. 8 properties in Downtown Los Angeles are likely to be
severely affected
by flooding over the next 30 years. This represents 10% of all properties in Downtown Los Angeles. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Downtown Los Angeles has a moderate risk of wildfire. There are 4,334 properties in Downtown Los Angeles that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Downtown Los Angeles.
Downtown Los Angeles has minimal risk of severe winds over the next 30 years
Wind Factor
Downtown Los Angeles has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
99% of properties are at major
risk of heat over the next 30 years
Heat Factor
Downtown Los Angeles has a major risk from heat. This is due to
"feels like" temperatures
increasing, and because 99% of homes in Downtown Los Angeles have a Major Heat Factor®.
Downtown Los Angeles is expected to see a 200% increase in the number of days over 92ºF over the next 30 years. Downtown Los Angeles is expected to experience 6