Current numbers, September 28, 2026
Condos listed on the MLS right now, refreshed every six hours.
| Neighborhood | For sale | Median asking | Median $/sq ft | For rent | Median rent |
|---|---|---|---|---|---|
| Downtown LA | 335 | $585K | $619 | 164 | $3,190/mo |
| Santa Monica | 154 | $1.3M | $999 | 140 | $5,425/mo |
| West Hollywood | 174 | $899K | $858 | 184 | $4,825/mo |
Medians appear only when enough listings publish the figure; a dash means too few to report. Full neighborhood reports
The late-July reading
This is a dated snapshot: every citywide figure below is what our live market report rendered on July 23, 2026, computed from the CRMLS feed. The report at /market-stats refreshes continuously and is always the source of truth — read this as a mid-summer reading of the instruments, plus what each number means. As of July 23, the Los Angeles condo report showed a median sale price of $865,000, down 1.6 percent year over year; a median of $689 per square foot; 1,953 active condo listings; 9.2 months of supply; and an average of 47 days on market.
Days on market fell to 47 — the clearest signal
The number that moved most since our July opening reading is marketing time. When we took the market's pulse on July 3, the report showed an average of 76 days on market; the late-July reading is 47. That is a real tightening: well-priced condos are clearing faster than they were at the start of the month, even though inventory is still deep. Days on market is the metric least distorted by which particular units happen to close, so a drop of nearly a month is the cleanest evidence that demand firmed as summer went on. It does not flip Los Angeles to a seller's market — but it does mean the right price gets an answer sooner than it did three weeks ago.
Why the median rose but the story didn't
The headline median jumped from $750,000 on July 3 to $865,000 now, and that number deserves a caution rather than a celebration. The median reflects the mix of what closed, not the repricing of every condo in the city: a stretch heavier in Westside and Century City closings and lighter in Downtown and Koreatown product will pull the median up without any individual home gaining value. The year-over-year line tells the steadier story — down 1.6 percent — and it is far milder than the 14.7 percent year-over-year drop the report showed at the start of July, which was itself a mix artifact. The honest read: prices are broadly flat to slightly soft year over year, and the month-to-month swing in the median is closing mix, not appreciation. Apply neighborhood and building comps to any specific unit, never the citywide median.
Supply is still firmly on the buyer's side
Months of supply barely moved — 9.5 in early July, 9.2 now — and both readings sit well above the roughly six months that marks a balanced market. Nearly 2,000 active condo listings give buyers real choice and real negotiating room, and the faster marketing times have not erased that. The picture is a market where buyers still set the terms on selection and price, but where the best-priced, best-presented units no longer sit for months. For a buyer, that argues for moving decisively on the right unit while still negotiating hard on the ones that have lingered.
What the for-sale page shows this week
The listings themselves corroborate the numbers. On page one of our for-sale results as of this writing, 40 of the 48 condos carried the New badge and only three carried a price-drop badge — a snapshot of a market adding fresh inventory faster than sellers are cutting existing asks. Read that as one page's worth of signal, not a citywide census, and remember listings move daily. But it fits the rest of the reading: plenty of new supply arriving, sellers not yet slashing prices, and buyers rewarded for pairing patience with readiness.
How buyers and sellers should read this
Treat this pulse as orientation, dated the day it was written. If you are buying, the numbers say to shop deliberately across at least two neighborhoods, compare price plus HOA dues, and act quickly when a unit is priced to the freshest comps — because 47 days means the good ones move. If you are selling, they say to price forward into the trend and present the building's documents cleanly, because deep supply still lets buyers punish uncertainty. And in either case, pull the current figures at /market-stats before acting on anything here — the report updates continuously, and this reading is already history.
Questions readers ask about the late-July LA condo reading
What did the LA condo market show on July 23, 2026?
A median sale price of $865,000, down 1.6 percent year over year; a median of $689 per square foot; 1,953 active condo listings; 9.2 months of supply; and an average of 47 days on market, all computed from the CRMLS feed. The report at /market-stats refreshes continuously and is always the source of truth.
Why did days on market drop so sharply?
It fell from 76 on July 3 to 47 in the late-July reading, and that is a real tightening — well-priced condos are clearing faster than at the start of the month even though inventory is still deep. Days on market is the metric least distorted by which particular units happen to close, so a drop of nearly a month is the cleanest evidence that demand firmed as summer went on.
Did LA condo prices actually rise in July?
No. The headline median jumped from $750,000 on July 3 to $865,000, but the median reflects the mix of what closed rather than the repricing of every condo in the city — a stretch heavier in Westside and Century City closings and lighter in Downtown and Koreatown product pulls it up without any individual home gaining value. The steadier read is the year-over-year line, down 1.6 percent.
Is Los Angeles still a buyer's market?
On supply, yes. Months of supply barely moved, 9.5 in early July against 9.2 now, and both sit well above the roughly six months that marks a balanced market. Nearly 2,000 active listings give buyers real choice and real negotiating room, though the best-priced, best-presented units no longer sit for months.
How should a buyer act on this?
Shop deliberately across at least two neighborhoods, compare price plus HOA dues, and act quickly when a unit is priced to the freshest comps, because 47 days means the good ones move. Negotiate hard on the ones that have lingered, and pull the current figures at /market-stats before acting, because this reading is already history.
Written by
LA Condo HQ
Real-estate research publisher
LA Condo HQ is published by Eltherion, LLC to help readers research Los Angeles buildings, neighborhoods and real-estate decisions. We publish source notes, ownership guides and practical tools, and help readers request introductions to licensed partner agents. We are not a licensed brokerage.
