This is a dated snapshot: every figure below is what our live market report rendered on July 3, 2026, computed from the live CRMLS feed. The report at /market-stats refreshes continuously and is always the source of truth — read this as the July 3 reading of the instruments, plus what each one means.
The six numbers
As of July 3, 2026, the citywide condo report showed: a median sale price of $750,000, down 14.7 percent year over year; a median of $608 per square foot; 1,874 active condo listings; 9.5 months of supply; and an average of 76 days on market. Single numbers mislead, so the useful move — the same one we teach in every market piece — is to read them as a system. A lower median with high supply and long marketing times is a consistent story: this is a market where buyers have time, choice and leverage, and where sellers win by pricing to what is closing rather than to last year.
What 9.5 months of supply means
Months of supply measures how long the current inventory would take to sell at the current pace. The common rule of thumb calls roughly six months balanced, less a seller's market, more a buyer's — and 9.5 months is comfortably on the buyer's side of that line. Pair it with 76 average days on market and the texture gets concrete: a well-priced unit still sells, but the fear of losing a home to a same-week bidding war is not the operative emotion in this market. For buyers, that argues for patience and real negotiation, including on the units that have sat. For sellers, it argues for pricing off the freshest closed comps and presenting the HOA's documents well, because buyers with nine months of choice punish uncertainty.
Read the year-over-year drop carefully
A 14.7 percent decline in the median sale price is a headline number, and headlines flatten. The median reflects the mix of what closed, not the repricing of every unit in the city: a quarter heavier in Downtown and Koreatown closings and lighter in Westside product will pull the median down even before any individual home changes value. That is not a reason to dismiss the number — supply and days-on-market corroborate a genuinely softer market — but it is a reason not to apply 14.7 percent to any particular unit. Neighborhood direction and building-level comps are where pricing decisions actually live.
The neighborhood spread
The report's neighborhood table — the rows are our research estimates alongside the live citywide figures — showed the spread that defines LA condo shopping. Beverly Hills topped the medians at about $1.85 million, with Century City around 1.65 million and Venice near 1.55 million; Santa Monica sat around 1.25 million. The value end ran through Downtown LA at roughly 645 thousand and Koreatown near 640 thousand, with Hollywood around 735 thousand — and Downtown carried by far the deepest inventory count in the table. The takeaway is that the citywide median of 750 thousand is a midpoint between two different markets: coastal and Westside product trading at double it, and the urban cores trading below it with the most selection.
What the median actually buys
Two listings rendered on our for-sale page as of this writing bracket the median almost exactly — both active when we checked, though listings move daily. At 4520 Fulton Avenue, unit 14, in Sherman Oaks: $745,000 for a three-bedroom, two-bath, 1,351-square-foot unit. At 3810 Wilshire Boulevard, unit 408, on the Mid-Wilshire corridor: $750,000 for a two-bedroom running about 1,000 square feet. That is the real shape of the LA median right now — a family-sized Valley unit or a sizable two-bedroom on a transit corridor — and having two options that different at the same price point is exactly the kind of choice a buyer's market surfaces.
How to use this
Treat this pulse as orientation, dated the day it was written. If you are buying, the numbers say to shop deliberately, compare price plus HOA dues across at least two neighborhoods, and negotiate on marketing time. If you are selling, they say to price forward into the trend, not backward at your neighbor's 2025 comp. And in either case, pull the current figures at /market-stats before acting on anything here — the report updates continuously, and July 3 is already history.
Questions readers ask about the July 3 LA condo reading
What did the report show on July 3, 2026?
A median sale price of $750,000, down 14.7 percent year over year; a median of $608 per square foot; 1,874 active condo listings; 9.5 months of supply; and an average of 76 days on market, computed from the live CRMLS feed. The report at /market-stats refreshes continuously and is always the source of truth.
What does 9.5 months of supply mean?
It measures how long the current inventory would take to sell at the current pace, and the common rule of thumb calls roughly six months balanced — less a seller's market, more a buyer's. At 9.5 months, paired with 76 average days on market, a well-priced unit still sells but the fear of losing a home to a same-week bidding war is not the operative emotion.
Should I apply the 14.7 percent drop to a specific unit?
No. The median reflects the mix of what closed rather than the repricing of every unit in the city — a quarter heavier in Downtown and Koreatown closings and lighter in Westside product pulls it down even before any individual home changes value. Supply and days-on-market corroborate a genuinely softer market, but neighborhood direction and building-level comps are where pricing decisions actually live.
What was the neighborhood spread?
Beverly Hills topped the medians at about $1.85 million, with Century City around $1.65 million and Venice near $1.55 million, and Santa Monica around $1.25 million. The value end ran through Downtown LA at roughly $645,000 and Koreatown near $640,000, with Hollywood around $735,000 — and Downtown carried by far the deepest inventory in the table.
What does the median actually buy?
Two listings bracketed it almost exactly on the day this was written: 4520 Fulton Avenue unit 14 in Sherman Oaks at $745,000 for a three-bedroom, two-bath of 1,351 square feet, and 3810 Wilshire Boulevard unit 408 on the Mid-Wilshire corridor at $750,000 for a two-bedroom running about 1,000 square feet. A family-sized Valley unit or a sizable two-bedroom on a transit corridor — having two options that different at the same price is exactly what a buyer's market surfaces.
Written by
LA Condo HQ
Los Angeles Condo Specialists
LA Condo HQ is a Los Angeles condo platform — in-depth profiles for the condo buildings we track across Los Angeles, live MLS listings for sale and rent, transparent market data refreshed hourly, and honest, pressure-free guidance for buyers, sellers and investors across Southern California.
