A Competitive Market with Rising Home Prices
The Los Angeles housing market remains somewhat competitive, with homes receiving an average of three offers and selling in approximately 67 days. The median home price in Los Angeles has climbed to $1.1 million, marking a 9.4% increase compared to last year. Additionally, the median price per square foot has risen to $648, reflecting a 2% year-over-year growth.
Migration & Relocation Trends: Who’s Moving In and Out?
Between December 2024 and February 2025, 22% of homebuyers in Los Angeles searched for homes outside the city, while the majority (78%) opted to stay within the metropolitan area.
Where Are People Moving to Los Angeles From?
Los Angeles continues to attract newcomers from across the country, with 5% of homebuyers coming from outside metro areas. The top metro areas contributing to LA’s population growth include:
- San Francisco, CA – 3,244 new home seekers
- Seattle, WA – 878
- Houston, TX – 407
- Hermiston, OR – 36
- The Dalles, OR – 10
Where Are Los Angeles Residents Moving To?
While many Angelenos prefer to stay within the city, a significant number are choosing to relocate. The top destinations for those leaving Los Angeles include:
- Las Vegas, NV – 6,089 people
- San Diego, CA – 5,670
- Bakersfield, CA – 3,571
- Phoenix, AZ – 3,305
- Nashville, TN – 2,543
What This Means for Buyers and Sellers
The Los Angeles housing market continues to see rising home prices, making it a strong seller’s market. However, migration trends indicate that many residents are seeking affordability in cities like Las Vegas, Phoenix, and Nashville. For buyers looking to enter the LA market, competition remains steady, but opportunities still exist for those ready to make a move.
Whether you’re looking to buy, sell, or relocate, staying informed about market trends is key to making the right real estate decisions.