How Much Over Asking

How Much Over Asking Should You Offer in Los Angeles? What Buyers Actually Paid

Updated November 4, 2026

By Vinura Abeysundara

Head of Growth at TurboHome

Reviewed by:

Vinura Abeysundara

Head of Growth at TurboHome

Kevin Kretzmer

Head Agent, California · CalDRE #01997822

The median home in Los Angeles closed 0.7% below list price between August and October 2026, and 35.1% of the 1,982 closings in our MLS feed sold above the asking price. When buyers did pay over asking, the typical winning offer was 3.9% over list, about $40,001 on a median $1,135,000 home, while 52.8% of buyers paid less than asking. Whether you should offer over list in Los Angeles depends on the neighborhood, the price tier and how long the home has been listed, and the sections below give the numbers for each.

TurboHome Market Analysis · Los Angeles, CA · Closings August through October 2026 · Published November 2026

Key findings

Median close: 99.3% of list (0.7% below list price), and 1.9% below original asking.
Over, at or under: 35.1% of homes sold above list, 12.1% exactly at list and 52.8% below list.
Size of the premium: when buyers paid over asking, the median premium was 3.9% over list ($40,001), and the 90th percentile closing was 108.3% of list.
Neighborhoods paying the most: Glassell Park (median 101.8% of list), Gramercy Park (101.7%) and Mount Washington (101.3%).
Most competitive price tier: the $500k to $750k tier, where 41.1% of 399 closings sold above list at a median 100.0% of list.
Price cuts: 27.6% of closings had at least one price cut before the sale, so a below-list offer works on some listings, mostly ones that have already been cut or have sat.

Los Angeles offers vs asking: the numbers

Closings in Los Angeles in our MLS feed, August through October 2026, all home types.

Los Angeles offers vs asking: the numbers, data table
Metric	Value
Closings analyzed	1,982
Median close vs list	99.3% of list (0.7% below list price)
Median close vs original asking	1.9% below original asking
Share sold above list	35.1%
Share sold at list	12.1%
Share sold below list	52.8%
Median premium when sold over list	3.9% over list ($40,001)
Median discount when sold under list	$49,900 under list
75th percentile close vs list	101.8% of list
90th percentile close vs list	108.3% of list
Median days on market	24
Share with a price cut before closing	27.6%

Share of closings. Every figure is in the table below.

"Close vs list" compares the sale price with the asking price at the time the offer was accepted, so price cuts made earlier are already baked into the list price. The 90th percentile (108.3% of list in Los Angeles) shows what the most competitive one in ten offers looked like. A high share of price cuts means list prices are being negotiated down before the sale; in Los Angeles, 27.6% of closings had at least one cut.

What a winning offer looked like by price tier

Los Angeles: what a winning offer looked like by price tier, data table
Price tier	Closings	Median close as % of list	Share sold above list
Under $500k	124	98.6%	18.5%
$500k to $750k	399	100.0%	41.1%
$750k to $1M	348	99.9%	37.4%
$1M to $1.5M	408	99.2%	36.5%
$1.5M to $2M	230	99.2%	38.7%
$2M to $3M	256	99.9%	39.1%
$3M and up	217	96.7%	18.9%

The $500k to $750k tier was the most competitive in Los Angeles, with 41.1% of 399 closings sold above list at a median 100.0% of list. Homes under $500k were the least competitive, with 18.5% sold above list and a median closing at 98.6% of list.

Houses vs condos: where the bidding is

Los Angeles: houses vs condos and townhomes, data table
Home type	Closings	Median close as % of list	Share sold above list
Single family	1,462	100.0%	40.6%
Condos and townhomes	462	98.5%	18.8%

Single family homes in Los Angeles closed at a median 100.0% of list, and 40.6% sold above asking. Condos and townhomes closed at a median 98.5% of list with 18.8% above asking, so the bidding is heaviest on single family homes.

Los Angeles neighborhoods where buyers pay the most over asking (and the least)

Neighborhoods with at least 10 closings in our feed, August through October 2026.

Neighborhoods where Los Angeles buyers paid the most over asking, data table
Neighborhood	Closings	Median close as % of list	Share sold above list	Median sale price
Glassell Park	27	101.8%	55.6%	$1,206,000
Gramercy Park	13	101.7%	69.2%	$700,000
Mount Washington	34	101.3%	55.9%	$1,178,000
Watts	15	101.2%	66.7%	$595,000

Neighborhoods where Los Angeles buyers paid the least relative to asking, data table
Neighborhood	Closings	Median close as % of list	Share sold above list	Median sale price
Encino	14	95.0%	14.3%	$2,337,500
Beverly Grove	30	94.9%	0.0%	$2,008,000
Bel Air	21	94.3%	23.8%	$3,600,000

Buyers paid the most over asking in Glassell Park, where 27 closings went for a median 101.8% of list and 55.6% sold above asking. At the other end, Bel Air closed at a median 94.3% of list, with 23.8% above asking. Neighborhood figures rest on far fewer closings than the citywide numbers, so read them as direction rather than a price quote.

Days on market changes the answer

In Los Angeles, 32.9% of closings went under contract within 14 days, and those homes closed at a median 100.1% of list with 53.5% above asking. Homes that took more than 30 days closed at a median 97.0% of list, and 17.9% sold above asking.

Los Angeles: what homes closed at by time on market, data table
Time to go under contract	Median close as % of list	Share sold above list
Within 14 days	100.1%	53.5%
More than 30 days	97.0%	17.9%

A home still active after 30 days in Los Angeles is where below-list offers succeed, because the seller has watched the market pass the home by. A new listing in a hot neighborhood is where the premium is paid, because that is where the competing offers land in the first two weeks.

Is Los Angeles getting more or less competitive?

Month by month in our feed, Oct 2025 to Oct 2026.

Share sold above list. Every figure is in the table below.

Los Angeles: share sold above list and median close as % of list, by month, data table
Month	Share sold above list	Median close as % of list
Oct 2025	34%	99.3%
Nov 2025	36%	99.1%
Dec 2025	31%	98.7%
Jan 2026	29%	98.5%
Feb 2026	32%	99.0%
Mar 2026	36%	99.5%
Apr 2026	40%	100.0%
May 2026	37%	100.0%
Jun 2026	40%	100.0%
Jul 2026	37%	99.6%
Aug 2026	35%	99.5%
Sep 2026	36%	99.1%
Oct 2026	35%	99.4%

Los Angeles: Aug to Oct 2025 vs Aug to Oct 2026, data table
Metric	Year ago (Aug to Oct 2025)	Now (Aug to Oct 2026)
Median close as % of list	99.2%	99.3%
Share sold above list	32.2%	35.1%
Median days on market	28	24
Median dollars over list (sales above list)	$36,000	$40,001
90th percentile close as % of list	107.1%	108.3%
Share with a price cut before closing	29.0%	27.6%

The share of homes sold over asking was 34% in October 2025 (median close 99.3% of list) and 35% in October 2026 (median close 99.4% of list), with a 13-month peak of 40% in April 2026. By the share of homes selling over asking, Los Angeles is slightly more competitive than a year ago, with 35.1% of closings above list from August through October 2026 against 32.2% from August through October 2025.

Why Los Angeles buyers can offer under asking

Los Angeles splits by price and by side of town. The $500,000 to $750,000 tier closed at a median list price with 41.1% above asking, and the $2,000,000 to $3,000,000 tier closed at a median 99.9% of list with 39.1% above, while the $3,000,000 and up tier closed 3.3% below list with only 18.9% above asking. Northeast LA and South LA carry the bidding wars: Glassell Park closed 1.8% over list with 55.6% above asking, Mount Washington 1.3% over with 55.9%, Gramercy Park 1.7% over with 69.2%, and Watts 1.2% over with 66.7%. Encino, Beverly Grove (30 closings, none above asking) and Bel Air all closed 5% to 6% below list. Single family homes closed at list with 40.6% above asking; condos closed 1.5% below list with 18.8% above. The 90th percentile is 8.3% over list, which is roughly where a winning offer sits on a well-priced house east of the 405.

The national picture

Nationally, Redfin's housing market update published October 29, 2026 (four weeks ending October 25, 2026) reported that 23.2% of U.S. homes sold above list price, the average sale-to-list ratio was 98.3%, 21.5% of listings had a price drop, pending sales were at the lowest level in Redfin's records and the median sale price fell 0.1% year over year, the first decline in more than three years.

In Los Angeles, 35.1% of homes sold above list and the median closing was 0.7% below list price, so Los Angeles is roughly in line with the national market.

How to decide what to offer in Los Angeles

Start from the neighborhood table, not the citywide median. The median Los Angeles home closed at 99.3% of list, but neighborhoods ranged from a median 101.8% of list in Glassell Park to 94.3% in Bel Air.
Check the days on market and the price-cut history of the listing. 27.6% of Los Angeles closings had a price cut before the sale, and a cut signals room below list. Homes that took more than 30 days closed at a median 97.0% of list.
Size the offer to the home. On a hot listing, the 75th percentile (101.8% of list) and the 90th percentile (108.3%) show what a competitive offer looked like. On a stale one, the median discount on below-list sales ($49,900 under list) is a sensible place to open.
Ask the listing agent how many offers are in and whether there is an offer date. An offer date means the seller is planning for competing bids, so your first offer should be your best one.
Have your agent pull the last five closings on the same street before you name a number. Recent sales next door beat any citywide figure, including the ones on this page.

Methodology

We looked at closings of single family homes, condos and townhouses in Los Angeles from our MLS feed, closed August through October 2026, with the same months of 2025 for the year-over-year comparison. "Close vs list" is the closing price divided by the list price in effect when the offer was accepted; "close vs original asking" uses the first list price. "Sold above list" means the closing price exceeded the list price by any amount. Neighborhood tables require at least 10 closings. Sales under $50,000 are excluded. Figures are medians unless stated. Published November 2026.

Frequently asked questions

How much over asking do you need to offer in Los Angeles?

The median Los Angeles home closed 0.7% below list price (99.3% of list) between August and October 2026. When buyers paid over asking, the median premium was 3.9% over list, or $40,001. A quarter of homes closed at 101.8% of list or higher, and the most competitive one in ten closed at 108.3% of list or higher.

Do homes in Los Angeles sell over asking price?

Many do, but not most. 35.1% of Los Angeles homes in our feed sold above list between August and October 2026, 12.1% sold exactly at list and 52.8% sold below. A year earlier, 32.2% sold above list.

Which Los Angeles neighborhoods get the most offers over asking?

The highest closings against list in our feed were in Glassell Park (median 101.8% of list, 55.6% sold above asking), Gramercy Park (median 101.7% of list, 69.2% sold above asking) and Mount Washington (median 101.3% of list, 55.9% sold above asking). Buyers paid the least relative to asking in Bel Air, at a median 94.3% of list.

Can you offer under asking in Los Angeles?

Yes, often. 52.8% of Los Angeles homes sold below list, at a median $49,900 under list, and 27.6% of closings had at least one price cut before the sale. Homes that took more than 30 days to go under contract closed at a median 97.0% of list, with 17.9% selling above asking.

Is Los Angeles more competitive than last year?

Yes, slightly. 32.2% of Los Angeles homes sold above list from August through October 2025, against 35.1% from August through October 2026, and the median closing moved from 99.2% to 99.3% of list.

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