Los Angeles buyers are seeing a moderate number of options, with about 7,229 homes on the market in March 2026. New listings reached 2,794 for the month, while 1,964 homes went under contract, keeping activity steady. With 4.6 months of supply, conditions lean toward a seller’s market, reflected in a market gauge of 37.
Pricing is adjusting gradually as this inventory moves. The typical home value is about $1,025,000, slightly higher than last month but down 1.11% from a year ago, and projected to edge up to $1,032,500 in April. Median list prices are higher at roughly $1,150,000, up 4.64% month over month and expected to reach about $1,175,500, suggesting sellers are testing stronger asking prices even as values normalize.
Homes are taking some time to sell, with a median of 50 days on market, though that’s 37.5% faster than last month and still up 8.7% compared to last year. Around 21.6% of listings saw a price drop, yet about 34.3% of homes still closed above the list price, and the average sale-to-list ratio is very close to asking at 0.995. Compared with Los Angeles County overall, where the typical value is about $910,000, the city is priced higher and projected to stay that way. Whether you are a buyer trying to navigate these shifting price signals or a seller aiming to stand out in this environment, Agent Pronto can connect you with a local agent who understands Los Angeles dynamics.
