Market Update by Neighborhood
The city of Los Angeles saw the highest home price growth in the nation for the entire year, with a significant increase in both single-family home and condominium prices. This surge was driven by strong demand, limited housing inventory, and a steady influx of residents seeking the area's vibrant culture, job opportunities, and diverse neighborhoods.
Located 10 miles from Los Angeles, Beverly Hills stands as an iconic symbol of refined living. Its stunning avenues and lavish estates have made it a coveted destination for generations, but beyond the area’s glamorous appeal, Beverly Hills offers an incredible blend of privacy, exclusivity, and world-class amenities. The allure of Beverly Hills lies not only in its timeless architectural marvels and picturesque landscapes but also in its role as a dynamic and evolving real estate market.
As of 2025, the Brentwood neighborhood in Los Angeles has exhibited notable trends in its real estate market. The median listing home price reached $3.8 million, reflecting a 12.3% increase compared to the previous year. The median listing price per square foot was approximately $1,300, while the median sold home price stood at $3 million.
Century City, located on Los Angeles' Westside, continues to be a sought-after neighborhood for both residents and investors. As of February 2025, the median listing price for homes in Century City was approximately $2.5 million, marking a significant 25.1% increase compared to the previous year. This upward trend underscores the area's strong real estate market.
Downtown Los Angeles (DTLA) has experienced a slight softening in its real estate market. As of February 2025, the median sale price for homes in DTLA was approximately $585,000, reflecting a 3.7% decrease compared to the previous year. Homes in this area typically remained on the market for an average of 148 days, a significant increase from 79 days in the prior year. Despite these trends, the number of homes sold in February rose slightly to 48, up from 46 in the same period last year.
Irvine is a highly sought-after city known for its master-planned communities, excellent schools, and family-friendly atmosphere. The real estate market here is diverse, offering everything from spacious single-family homes to modern condos and townhomes.
Mar Vista, located on the Westside of Los Angeles, is a vibrant neighborhood that blends a relaxed, suburban feel with easy access to the city's urban amenities. As of February 2025, the median listing price for homes in Mar Vista was around $2 million, reflecting a slight 2.2% decline from the previous year.
Pacific Palisades remains a highly desirable neighborhood in Los Angeles, with a strong luxury real estate market. As of early 2025, the median listing price for homes has risen to $6.4 million, reflecting an 18.2% increase from the previous year. The median sale price sits at $4.2 million, a significant 39.2% year-over-year jump. With an average price per square foot of around $1,400, homes in this exclusive community continue to attract buyers despite a slight slowdown in sales.
Santa Monica’s real estate market has shown interesting trends in early 2025. The median sale price for homes is currently $1.6 million, reflecting a 7.7% decline compared to the previous year. However, the median price per square foot has increased by 16.5% year-over-year, now reaching $1,240. Homes in the area are spending an average of 87 days on the market before selling, up from 54 days last year. In January 2025 alone, 41 homes were sold, marking a 20.6% increase from the same time last year.
The South Bay real estate market remains one of the most dynamic and desirable in the Los Angeles area, offering a mix of beachfront luxury, suburban comfort, and urban convenience. From the upscale coastal enclaves of Manhattan Beach and Hermosa Beach to the family-friendly neighborhoods of Torrance and Redondo Beach, the region attracts a diverse range of buyers and investors.
Venice, located along Los Angeles' picturesque coastline, is renowned for its eclectic boardwalk, vibrant arts scene, and diverse community. As of February 2025, the Venice real estate market exhibited notable activity. The average home value stood at approximately $1,868,258, reflecting a 5.6% year-over-year decrease.
Who's Employing in Los angeles?
When we talk about the Los Angeles market, we talk about who's moving here. And when we talk about who's moving here, we ask who's bringing them here. Here are the top employers in Los Angeles, bringing in nearly 1,000 people per week. See a full list here.
Technology & Innovation
Snap Inc.
SpaceX
Apple
Entertainment & Media
The Walt Disney Company
Warner Bros.
Universal Pictures
Netflix
Sony Pictures Entertainment
Financial services
Aerospace and Defense
Capital Group
PIMCO
Oaktree Capital
Wells Fargo
Bank of America
Northrop Grumman
Boeing
Raytheon Technologies
Lockheed Martin
SpaceX
2025 BEST los angeles School Districts
See a full list here.