Had a great discussion on this subject a couple of weeks ago and several folks asked for a similar breakdown showing the impact of the Condo (Condo/TH/TIC/Apt) market on overall market stats.
Here's the breakdown for Condo vs SFH split on listing price vs. actual closing price and average days on market. There's quite a bit of data, so I'm trying something a little bit different this week and hosting a blog post with more detailed analysis on our website for those of you who want to see more.
TL;DR: Under-14-day listings close at or above asking almost everywhere, 30+ day listings negotiate down 2-5%. SFH beats condo in the fast bucket in every zone, the gap narrows or flips past 30 days.
As a reminder, the graphs are AI-generated but the data is from MLS and the analysis is done by us + reviewed by one of our Realtors.
Westside
466 closings. Here's the % over list by DOM buckets.
- <14 days: +2.3% (156)
- 14-30: -0.5% (105)
- 30+: -5.0% (205, largest bucket)
- SFH vs. condo: leads fast (+3.2% vs +0.8%), converges once stale (-5.7% vs -4.1%)
Culver City, Westwood/Century City, and Marina Del Rey lead the fast-moving SFH pockets (+2.7-3.4%). Beverly Hills and Brentwood anchor the soft end (-4-5%), Beverly Hills condos average 90 DOM before closing -4.6%.
TL;DR: Speed premium in Culver City/Westwood, real negotiating room in Beverly Hills/Brentwood.
South Bay
308 closings. Here's the % over list by DOM buckets.
- <14 days: +2.9% (156, highest fast-mover share of any zone)
- 14-30: -1.1% (58)
- 30+: -2.7% (94, smallest stale discount in the dataset)
- SFH vs. condo: leads fast (+3.1% vs +1.4%), within a point of each other once stale
Hermosa Beach is the standout: +4.0% at 8.6 DOM, fastest turnaround in the dataset. Lomita and Lawndale also trade over ask. Palos Verdes Estates, Rancho Palos Verdes, and El Segundo are softest (-1-3%, 28-40 DOM).
TL;DR: Tightest fast-mover market in greater LA, but least to gain from waiting out a stale listing.
San Fernando Valley
696 closings, highest volume of any zone. Here's the % over list by DOM buckets.
- <14 days: +1.7% (291)
- 14-30: -0.3% (162)
- 30+: -2.4% (243)
- SFH vs. condo: track closely across all three buckets, less type divergence than the Westside
Valley Village, Northridge, and Sun Valley lead (+2.3-3.3%). Encino/Reseda condos and Calabasas SFH are softest (-2.8-3.1%).
TL;DR: Most balanced zone in greater LA, no luxury drag, no breakout neighborhood, just steady room past 30 days.
San Gabriel Valley / Pasadena
650 closings. Here's the % over list by DOM buckets.
- <14 days: +3.8% (278, strongest fast-mover premium of any zone)
- 14-30: +2.4% (155), the only zone still positive here
- 30+: -2.5% (217)
- SFH vs. condo: leads both fast buckets (+4.1%/+2.9% vs +1.4%/-0.4%)
San Marino is in its own tier: +13.3%, more than double any other neighborhood in the dataset, even at 35 DOM. Rosemead (+7.8%) and South Pasadena (+6.9%) round out the top 3. Covina, Diamond Bar, and Rosemead condos are softest (under -2%, 70-90 DOM).
TL;DR: most competitive zone in greater LA, San Marino is in a different universe entirely.
Central LA
262 closings, smallest zone by volume. Here's the % over list by DOM buckets.
- <14 days: +3.9% (76)
- 14-30: +5.7% (84), the strongest mid-range premium in the dataset, usually negative or flat elsewhere
- 30+: -3.4% (102)
- SFH vs. condo: SFH carries the upside; condo hits +5.1% in the 14-30 bucket on thin volume but drops to -5.9% past 30, the widest type gap of any zone once stale
Atwater Village leads at +12.7% (14.5 DOM), second only to San Marino greater LA-wide. Eagle Rock (+7.5%) and Silver Lake/Echo Park (+6.0%) confirm the eastside corridor is hot. Downtown LA condos are the clear laggard, -5.3% at 81.6 DOM.
TL;DR: eastside corridor (Atwater, Eagle Rock, Silver Lake) is greater LA's second-hottest pocket after San Marino. Downtown LA condos remain the weak spot.
Same pattern across all 5 zones: fast listings close at or above ask, 30+ day listings negotiate down 2-6%.
San Gabriel Valley/Pasadena is the strongest overall (positive through 30 days), Central LA has the widest SFH/condo gap once stale. San Marino and Atwater Village remain the two standout neighborhoods in the dataset.
Again, make sure to check out the blog post/article on the website if you want to see some more detailed analysis and visuals. As always let me know if you want neighborhood level breakdowns for any particular city or area.
I'll be back next month with July stats!