New Los Angeles Real Estate Market In A Minute Update

The Los Angeles real estate update shows a stabilizing market, particularly in the Northeast LA market trends, where the median home price has risen by 4.5% year-over-year to $ 1.15mil. Neighborhoods like Mount Washington (+6.8%) and Eagle Rock (+5.2%) outperform the broader market, signaling strong demand. In terms of Los Angeles housing analysis, homes are taking longer to sell, 53 days on average, compared to 34 last year, giving LA real estate buyers and sellers more room for negotiation. Inventory levels are increasing, especially for 2–3 bedroom homes, suggesting a shift toward a more balanced market. Mortgage rates, now averaging 6.8%, have slightly decreased, sparking an 11% increase in mortgage activity. While the market is cooling, it remains stable, presenting opportunities for buyers and sellers who are ready to act.

Keep reading to learn more about AMAROSA our featured home located in NELA’s hottest market Glassell Park!

Reach out to me for an exclusive invitation to a Twilight Open House this Thursday, 5/15, 5-8pm. There will be a Live Jazz Trio, Spanish paella & tapas, with bubbles!

Northeast LA Market Trends: How the Market Has Shifted Since April 2024

The Los Angeles housing market has seen some important changes over the past year—and nowhere is that more evident than in Northeast LA. From Highland Park to Eagle Rock, this eclectic corner of the city has long been a hotspot for both first-time buyers and seasoned investors. But with mortgage rates stabilizing and more homes hitting the market, the dynamics today look a lot different than they did in April 2024. Let’s break down what’s changed, what’s stayed the same, and what it means if you’re thinking about buying or selling in this part of LA.

LA Real Estate Update: From Seller’s Market to Something More Balanced

A year ago, sellers in Northeast LA held the upper hand. Homes were moving fast—many with multiple offers—and prices continued their upward climb. Fast forward to spring 2025, and the pace has slowed. While the median sale price in the area still saw a 4.5% year-over-year increase (sitting around $1.15 million), the average days on market have risen significantly, from 34 days to 53.
That slowdown means buyers have more breathing room—and in many cases, more negotiating power. While some pockets like Mount Washington and Eagle Rock are still seeing steady appreciation (up 6.8% and 5.2%, respectively), we’re clearly not in the same red-hot seller’s market we saw last spring.

Los Angeles Real Estate Mortgage Rates: Stable, but Still a Challenge

One of the biggest factors influencing the market? Mortgage rates. After a volatile couple of years, rates have finally begun to stabilize. As of March 2025, the average 30-year fixed mortgage in Los Angeles hovers around 6.8%, slightly lower than the 7%+ rates we saw in 2024.
That’s brought some buyers back into the market—especially those who had been sidelined during the rate hikes. In fact, mortgage applications (both for purchases and refinancing) have ticked up over 11% recently. Still, affordability remains an issue, with monthly mortgage payments hitting all-time highs. For many buyers, it’s not just about the rate—it’s about the monthly budget.

LA Real Estate Buyers Sellers: More Listings, More Options

There’s also some good news on the inventory front. Northeast LA saw a bump in new listings earlier this year, particularly for two- and three-bedroom homes—the sweet spot for many families and young professionals. That’s giving buyers more choices and helping to ease the competitive pressure that defined the market last year. Sellers, on the other hand, are having to adapt. With homes taking longer to sell and more price reductions happening across the board, smart pricing and strategic marketing are key.

Los Angeles Housing Analysis: What This Means for Buyers and Sellers

If you’re a buyer, this could be the window you’ve been waiting for. Rates are more predictable, there’s less competition, and you’ve got more leverage when it comes to negotiations. Just be prepared for higher monthly payments than you might’ve expected a few years ago.
If you’re selling, you’ll need to be more strategic. The right pricing, solid staging, and a good understanding of your local neighborhood trends will go a long way. Homes are still selling—but the days of quick, over-asking offers are fading in many parts of NELA.

Northeast LA continues to be one of the most desirable—and dynamic—markets in the city. While the pace has shifted, demand hasn’t disappeared. Buyers are just being more cautious, and sellers need to be more competitive. Whether you’re entering the market for the first time or making your next move, understanding the current landscape is more important than ever. If you’re curious about how these trends might affect your next real estate decision, feel free to reach out. I’d be happy to walk you through what’s happening in your specific neighborhood.

Featured Home: A Spanish Revival Heartthrob Steeped in Soulful Charm

Welcome to AMAROSA, a romantic reverie perched in the hills of Glassell Park, where timeless architecture and modern refinement intertwine beneath the golden California sun. This fully reimagined 3-bedroom, 1.75-bath Spanish sanctuary is more than a home, it’s a love letter to thoughtful design and effortless beauty.

From the moment you arrive, AMOROSA enchants with her vintage soul: graceful stucco curves, original casement windows that invite in the light, and an expansive backyard that seems to whisper—linger here. Inside, original hardwood floors glide beneath your feet, guiding you through rooms bathed in natural glow and history. The vintage bathroom tilework tells stories of a bygone era, while gentle arches, built-in niches, and a brick-lined fireplace create a sense of warmth and nostalgia rarely found today.

Every detail has been lovingly preserved or intentionally elevated, striking a harmonious chord between past and present. Whether you’re hosting under the stars or savoring a quiet morning with coffee and birdsong, AMAROSA offers the setting for a life well-lived, and well-loved.

Reach out to me for an exclusive invitation to a Twilight Open House this Thursday, 5/15, 5-8pm. There will be a Live Jazz Trio, Spanish Paella & Tapas, with Bubbles!

Address: 2426 W Ave 30 Glassell Park, CA. 90065

Beds: 3

Baths: 2

Sqft: 1,349

Lot: 7,501

Listed By: Listed By Shakira del Fresno of Compass | Realtor® | DRE# 02104478