90016 Market: Price Per SqFt, Sold Comps & Investment Trends
The median list price for single-family homes in 90016 is $1,099,500, with 41 active listings today, up slightly from 36 homes just a week ago. While inventory is rising modestly, it’s still low enough to keep the market leaning toward sellers. We’re still seeing multiple offers on well-priced homes in this market.
90016, Los Angeles, Single Family Residence, Housing Data
Latest data shows:
Price per square foot: $790
Median rent: $3,695
Median days on market: 77
Average time on market: 142 days
44% of homes have reduced their price
Only 6% have increased in price
33% of homes were relisted
Even with more homes available, demand continues to absorb inventory at a steady pace. Well-priced homes are still moving, while others may sit longer or see price drops. Whether you're buying or selling, timing and pricing strategy remain key.
90016 Condo & Townhome Market – May 2025
Sold Condos, 90016-analysis and breakdown
The median list price for condos and townhomes in 90016 is $549,000, with 18 active listings on the market. This is a slight increase in inventory compared to last month, keeping the market tilted in favor of sellers.
Latest data shows:
Median price of new listings: $498,000
Price per square foot: $628
Median rent: $3,400
Median days on market: 39
Average time on market: 77 days
West Adams (90016) – Multifamily Sales Snapshot (Last 6 Months)
Sold Multifamily, 90016- breakdown and analysis
12 multifamily properties sold
A mix of small duplexes and large 20+ unit buildings.Sale prices ranged from $859,000 to $4.2M
Most sales landed between $1.1M and $3.5M.Price per square foot (PPSF): $208 to $794
Investor activity clustered around $400–$450/SqFt.Building size and age
Ranged from 2,000 to 13,000+ SqFt, mostly built between the 1920s and 1940s.Lot sizes were generally under 8,500 SqFt.
Days on Market (DOM): 6 to 155
Quick sales for well-priced, clean properties.
Longer market times for dated or overpriced assets.
Takeaway:
West Adams continues to attract active buyers looking for location, value, and future upside—but they are highly price-conscious and selective.90016 Los Angeles is a rapidly growing investment zone. Located within an Opportunity Zone, it offers attractive tax incentives for investors. The area is booming with new development and investor interest, driven by its proximity to the Westside. As prices on the Westside become out of reach, more buyers and renters are moving into 90016, fueling gentrification and long-term growth. Property values are steadily rising, making it a prime area for strong returns on investment.
This data was sourced from Altos research and the latest MLS figures.
Contact Us
If you’re exploring real estate in 90016, Los Angeles, West Adams, whether you’re looking to buy, sell, or evaluate your property, contact us for a complimentary consultation. With ever-changing disclosures, zoning laws, and historic overlays like the HPOZ, you need an experienced guide. Whether planning to build, expand, or invest, we’ll help you navigate the nuances and unlock your property’s full potential.