There were 1,134 homes sold in November 2024, with a median sale price of $955,000 — a 12.4% increase over the $850,000 median sale price during the same period of the previous year. In comparison, 1,176 homes were sold in Los Angeles County in November 2023.
Based on the latest available data from 2022, the median sales tax in Los Angeles County was $5,297, which stands at 0.6% of November 2024's median home sale price.
The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.
“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.
The following histogram displays changes in median sales prices in Los Angeles County from November 2023 to November 2024.
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