Pico-Union is seeing more homes for sale, with 46 properties on the market and 35 new listings in February 2026. Contract activity is more modest, with 10 pending sales, and none of the recent sales closed above list price. Homes are taking time to move, spending a typical 218.5 days on the market, which aligns with its Neutral Market reading of 46 on the local market gauge.
Home values have been climbing even as listings grow. The typical home value in Pico-Union is about $990,000, up 13.14% from a year ago and 18.21% just since the prior month.
Sellers are generally pricing a bit under that typical value, with a median list price near $950,000 that has slipped 4.81% month over month. On average, homes are selling for about 95% of their list price, showing that buyers still have room to negotiate. Compared with Los Angeles as a whole, where the typical home value is roughly $1,010,000 and has fallen 6.93% year over year, Pico-Union’s price trend is notably stronger even with similar inventory stability. With projected typical values rising toward $1,066,250 and inventory edging up to 49 homes, both buyers and sellers can benefit from working with an Agent Pronto–recommended real estate agent to navigate this shifting market.
