Get a no-obligation cash offer for your house in Los Angeles. We buy as-is, for the highest off-market price. Skip the repairs, avoid showings, and move on your timeline. Get a $10,000 cash advance before closing.
Los Angeles Housing Market Statistics
Homes Sold in Last 30 Days
Average Home Value
Average Days On Market
The City of Angels has played an outsized role in popular culture for generations, but even that can’t really do justice to the diversity that Los Angeles offers. The city itself is culturally, racially, and religiously diverse—and its reputation as a global cosmopolitan hub has drawn residents from all over the world. And while, yes, some of them are midwest kids looking to be movie stars, Los Angeles is a lot more than just Hollywood.
In fact, there is no racial majority in Los Angeles. While Latinx Los Angelinos constitute nearly 50% of the population, they represent just one vector point in the cultural melting pot that is Los Angeles. The city and surrounding areas boast residents from 180 different countries, and the languages spoken natively numbers nearly 150. Each of these Angelinos has their own story, and each of those stories is a reflection of Los Angeles’ character.
Those stories are reflected in the real estate industry too, and they’re vast and varied in what they offer. The greater Los Angeles area is a truly sprawling metropolis, and that means that there’s a sweeping variety of real estate options. Unfortunately, those options lean towards the expensive side of things—so the actual market for homebuyers in Los Angeles doesn’t exactly reflect much in the way of class diversity.
Questions About Selling a House in Los Angeles
What’s the housing market like in Los Angeles?
The housing market in Los Angeles isn’t the most competitive in the United States, but demand is brisk. More importantly, people take their real estate seriously in Los Angeles.
Even when you’re dealing with a private seller, you can expect everything to be on point, from the staging of their house to the marketing of their home. The average house sold gets five offers, and the average price sold is just shy of a million dollars. This is undoubtedly an expensive city, even by the elevated standards of California.
That means that if you’re not looking to sell your home as-is, you’re really going to need to exert due diligence in terms of presenting your home. The challenge right now is the limitations put in place by Covid-19. Los Angeles is currently in a position where sellers can’t even show properties to prospective buyers in person. Success in Los Angeles’ housing market—at least for now—is going to require a savvy understanding of how to navigate digital real estate spaces.
Fortunately, the market seems stable even during this time of crisis. The past few years have seen steady growth in home prices, and that upward tic has continued through 2020—even with issues like Coronavirus to deal with. That’s not to say that the rental market is performing the same. But as rental prices plummet in overvalued cities like Los Angeles and New York, the LA housing market is seeing consistent and steady growth.
How old are the houses in Los Angeles?
The oldest homes in Los Angeles date back to the 1890s. The newest are still under construction. Most fall somewhere between these two extremes. Los Angeles’ neighborhoods tend to maintain their sense of continuity, so if you like a particular era of architecture, there’s a very good chance you’ll find some real estate matching your needs in or around LA.
How long does it take to sell a house in Los Angeles?
The average time it takes to sell a home in Los Angeles is 42 days—well above the national average of 30 days. But that number doesn’t necessarily tell the whole story. When you take into account issues like renovations and repairs, it can take a homeowner a long time to finally sell their property.
What is the best time to sell a house in Los Angeles?
June is the peak month for selling a home in Los Angeles, but any period in the summer will be a decent time for selling a home. The market for some of the winter is a little more muted but still positive. You should absolutely try to avoid closing in September or the period from the beginning of the year through roughly Easter.
What taxes do I pay when selling a house in Los Angeles?
You’re required to pay federal, state, and municipal taxes when selling a house in Los Angeles, though the majority of these are federal or state-level taxes. While your tax liabilities may vary somewhat, you can expect to pay about 27% on the value of your home when making a sale.
What’s the fastest way to sell a house in Los Angeles?
The Los Angeles real estate industry takes itself really seriously. That makes services that buy houses “as is” a particularly strong choice for making a sale in Los Angeles. Rather than having to juggle multiple offers and figure out the right way to position your home, a service like Sundae lets you forget the hassle and keep the money.
Recent Reviews From Customers Near
Los Angeles, CA
“I'm so happy I choose Sundae to sell my house to. They were very friendly & easy to deal with. Very straightforward & made the whole process simple. Kevin kept me posted throughout the entire process. I felt I got the best offer for this kind of sale. Not having to deal with open houses or doing any repairs was exactly what I needed. And not having to pay any fees at all was fantastic, especially in the middle of a pandemic.”
Los Angeles, CA
“Reliable & accommodating”
“Very professional and always communicating!!! Very much enjoyed the work relationship !”
“From our first contact through closing, Sundae was upfront, transparent, and professional. Ben Ginsberg was personable and thoroughly explained the process and basis for the offer he was authorized to extend to us - on the spot! This was after he toured our home, taking approximately 60 pictures and forwarding them to Sundae's design/sales/assessment team in realtime. The offer was reasonable, we didn't need to make any repairs or improvements, and we were able to negotiate our closing date to accommodate our needs. In short, the process was simple and straightforward; exactly as described by Sundae. If you're thinking of selling your home and don't want the hassle of listing, making repairs, and having showings, check out Sundae - you've got nothing to lose!”
“From start to finish it was an easy and fast process. No open houses or repairs to make. Our realtor Josh was very responsive and professional.”
Ronald (Ron) Matthews
“I would recommend Sundae to my best friend, you can trust this Company. The whole process went exactly as they said it would and for the most money you could expect with the least amount of intrusion on your daily schedule. Thanks again Sundae Team.”
“SUNDAE performed as promised ... no muss or fuss”
“Good customer relations. Excellent title company.”
“Very professional and no hassles. Very pleased.”
“Ben and the whole staff at sundae are great and we closed when they said we would less then two weeks thanks for all the hard work”
The Sundae Difference
Sundae is changing the way homeowners sell houses that need updates or repairs. Every day our team of market experts help homeowners get the highest off-market price, on their timeline. Sundae is the only place where you can get your property in front of hundreds of investors, without any work or worry.
TRADITIONAL SALES PROCESS
Offers from Multiple Buyers
6% of purchase price plus other fees
Price haggling and unpredictable offer
Clean up and repair hassle
Showings and open houses
Long sales timeline, often 2-3+ months
Compare Cash Offers from Multiple Investors
ZERO FEES to sell your home
Highest off-market price
Sell AS-IS. No cleanup or repairs, or showings
$10,000 cash advance before closing
Close in just 10 days, or move at your pace, up to 60 days
One Opinion, One Cash Offer
Hidden fees at close
Lower prices, zero transparency
High-pressure sales tactics, often not trustworthy
Small-scale local operators not a trusted brand
High-risk they’ll back out, costing you time and money
Call or email us today to get your free, no obligation cash offer!