Market Timing
Home Price Cuts in Los Angeles: How Many Homes Sold After a Price Drop in 2026
Updated November 14, 2026
Reviewed by:
Head of Growth at TurboHome
Head Agent, California · CalDRE #01997822
In Los Angeles, 25.7% of the 4,017 homes that closed between May and October 2026 sold after at least one price cut. The median cut was 6.3% ($74,000) off the original asking price, and homes that were cut went on to sell for a median 90.7% of their first list price, against 100.0% for homes that were never reduced. For comparison, Realtor.com counted 17.5% of active Los Angeles-Long Beach-Anaheim listings with a price reduction in October 2026; that counts listings on the market in one month, while our figure counts homes that actually sold over six months.
TurboHome Market Analysis · 4,017 closings · May 1 to Oct 31, 2026 · Last updated November 14, 2026
This guide uses 4,017 single-family, condo and townhouse closings in our MLS feed from May 1 to October 31, 2026 to show how often Los Angeles sellers cut, by how much, where, and what a cut home finally sold for. Use it to judge how much room a reduced listing leaves you.
How many Los Angeles homes sold after a price cut
25.7% of Los Angeles closings from May through October 2026 sold after at least one price cut. Counting every closing, cut or not, 57.1% closed below the original asking price. Cut homes sat a median 73 days on the market, against 15 days for homes that were never reduced.
| Measure | Los Angeles, May to Oct 2026 |
|---|---|
| Closings | 4,017 |
| Sold after at least one price cut | 25.7% |
| Median cut, cut homes | 6.3% ($74,000) |
| Closed below the original asking price, all closings | 57.1% |
| Median days on market, cut homes | 73 |
| Median days on market, never cut | 15 |
| Median sale price, all closings | $1,155,000 |
| Sale to original list price, all closings | 98.5% |
Across all Los Angeles closings, homes sold at a median 98.5% of their original list price, and 57.1% closed below it.
What a price cut tells a buyer in Los Angeles
Los Angeles homes that were cut then closed at a median 97.6% of the reduced price, so the discount stacked: the typical cut home sold at 90.7% of its original asking price, a median $99,919 below the first list price. Homes that were never reduced sold at a median 100.0% of their asking price.
16.7% of cut homes were reduced by less than 3%, 19.8% by 3 to 5%, 36.6% by 5 to 10% and 26.9% by 10% or more. Los Angeles cut homes closed at 90.7% of their original asking price, the deepest stacked discount of the six California cities in this series.
Price cuts by neighborhood in Los Angeles
The table shows the 25 Los Angeles neighborhoods with the most closings from May through October 2026, each with at least 20 closings, sorted by closings.
| Neighborhood | Closings | Share with a cut | Median cut | Sale to original list | Median price | Median days on market |
|---|---|---|---|---|---|---|
| Brentwood | 183 | 26.2% | 6.1% | 96.4% | $2,395,000 | 25 |
| Westwood | 171 | 31.6% | 9.3% | 95.7% | $1,185,000 | 37 |
| Westchester | 142 | 20.4% | 7.1% | 100.0% | $1,715,000 | 15 |
| Hollywood Hills | 124 | 35.5% | 7.1% | 95.5% | $1,785,000 | 36 |
| Mar Vista | 124 | 24.2% | 8.5% | 98.6% | $2,270,000 | 18 |
| Hollywood Hills West | 122 | 27.0% | 6.3% | 95.3% | $2,325,000 | 36 |
| Silver Lake | 119 | 14.3% | 6.7% | 100.3% | $1,620,000 | 18 |
| Los Feliz | 106 | 23.6% | 6.3% | 99.5% | $1,840,000 | 18 |
| Mid-City | 102 | 26.5% | 8.5% | 98.2% | $1,325,000 | 22 |
| Sawtelle | 101 | 24.8% | 6.0% | 98.8% | $1,004,000 | 23 |
| Highland Park | 96 | 25.0% | 5.4% | 100.0% | $1,128,875 | 18 |
| Eagle Rock | 95 | 16.8% | 8.4% | 101.4% | $1,380,000 | 15 |
| Downtown | 94 | 29.8% | 6.8% | 95.8% | $530,000 | 56 |
| Hyde Park | 92 | 35.9% | 6.3% | 97.8% | $805,000 | 27 |
| Wilshire Center | 73 | 31.5% | 6.7% | 96.6% | $729,000 | 37 |
| Mount Washington | 72 | 19.4% | 5.1% | 104.3% | $1,212,250 | 17 |
| Baldwin Hills / Crenshaw | 70 | 40.0% | 5.9% | 97.2% | $1,190,000 | 28 |
| Beverly Grove | 70 | 30.0% | 7.2% | 94.4% | $1,787,500 | 46 |
| Mid-Wilshire | 68 | 30.9% | 4.6% | 96.9% | $1,420,600 | 23 |
| Hollywood | 66 | 34.8% | 6.7% | 96.3% | $899,500 | 34 |
| Montecito Heights | 65 | 36.9% | 6.5% | 98.0% | $770,000 | 24 |
| Century City | 63 | 28.6% | 7.9% | 98.2% | $1,675,000 | 34 |
| El Sereno | 58 | 43.1% | 6.3% | 97.1% | $820,000 | 26 |
| Del Rey | 55 | 12.7% | 5.7% | 100.0% | $1,500,000 | 18 |
| Echo Park | 50 | 10.0% | 8.7% | 100.7% | $1,199,000 | 17 |
Cuts were most common in El Sereno (43.1%), Baldwin Hills / Crenshaw (40.0%), Montecito Heights (36.9%), Hyde Park (35.9%) and the Hollywood Hills (35.5%). Westwood had cuts on 31.6% of sales and the deepest median cut of the 25 neighborhoods, 9.3%.
Cuts were least common in Echo Park (10.0%), Del Rey (12.7%) and Silver Lake (14.3%), where homes sold at a median 100.0% to 100.7% of their original asking price. Downtown homes took longest to sell, a median 56 days.
Price cuts by price range in Los Angeles
| Price range | Closings | Share with a cut | Median cut | Median cut ($) | Sale to original list | Median days on market |
|---|---|---|---|---|---|---|
| Under $500K | 260 | 40.0% | 8.2% | $37,000 | 94.6% | 46 |
| $500K to $750K | 787 | 33.2% | 6.5% | $49,100 | 98.4% | 26 |
| $750K to $1M | 662 | 29.5% | 5.7% | $50,000 | 98.8% | 23 |
| $1M to $1.5M | 843 | 24.4% | 6.3% | $80,650 | 98.9% | 21 |
| $1.5M to $2M | 508 | 21.5% | 5.5% | $100,000 | 99.2% | 18 |
| $2M to $3M | 505 | 16.4% | 6.8% | $199,000 | 100.0% | 17 |
| $3M and up | 452 | 16.8% | 6.3% | $359,500 | 96.3% | 24 |
40.0% of homes under $500K sold after a cut, and the share falls with price to 16.4% from $2M to $3M before ticking back up to 16.8% at $3M and up.
Price cuts by home type in Los Angeles
| Home type | Closings | Share with a cut | Median cut | Median cut ($) | Sale to original list | Median days on market |
|---|---|---|---|---|---|---|
| Condo | 904 | 32.6% | 6.2% | $50,000 | 96.7% | 37 |
| Single-family home | 3,041 | 23.7% | 6.3% | $91,000 | 99.1% | 19 |
| Townhouse | 72 | 23.6% | 8.8% | $100,000 | 98.8% | 24 |
32.6% of condos sold after a cut, against 23.7% of single-family homes and 23.6% of townhouses.
How 2026 compares with 2025 in Los Angeles
| Measure | May to Oct 2026 | May to Oct 2025 |
|---|---|---|
| Closings | 4,017 | 4,067 |
| Sold after at least one price cut | 25.7% | 25.6% |
| Median cut, cut homes | 6.3% ($74,000) | 6.4% ($75,000) |
| Sale to original list, cut homes | 90.7% | 90.6% |
| Closed below the original asking price, all closings | 57.1% | 57.0% |
Price cuts in Los Angeles held flat: 25.7% of closings sold after a cut, against 25.6% in the same months of 2025, and 57.1% closed below the original asking price, against 57.0%. Cut homes took a little longer to sell, a median 73 days against 70.
How our numbers compare with Realtor.com and Redfin
Realtor.com counted 17.5% of active Los Angeles-Long Beach-Anaheim listings with a price reduction in October 2026, up 1.9 points from a year earlier. Nationally, Realtor.com's October 2026 price-reduced share was 20.5% (preliminary; the highest October share since 2022), and Redfin found 21.2% of U.S. listings had a price drop in the four weeks ending November 1, 2026, against 20.6% a year earlier. Our Los Angeles figure is 25.7%.
Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.
Sources: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026.
How to use a price cut when you make an offer in Los Angeles
In Los Angeles, a cut is common enough that it should not scare you off, and it usually leaves room: cut homes closed at a median 97.6% of the reduced price, after a median 73 days on the market, against 15 days for homes that were never reduced.
Where cuts run highest, in El Sereno, Baldwin Hills / Crenshaw and the Hollywood Hills, ask for the listing history and offer from recent comparable sales. In Echo Park, Silver Lake and Del Rey, cuts were rare and homes sold at or above their original asking price, so a cut there is more likely about the specific house.
Of 247 TurboHome California buyers who closed between November 2025 and October 2026, 61 (24.7%) bought a home that had already been cut; those homes closed at a median 94.3% of the original asking price, a median $44,888 below the first list price, and 45.9% negotiated further below the reduced price.
Before a TurboHome buyer writes an offer, their agent runs a comparable-based valuation of the home and an AI offer-acceptance prediction, so the offer price rests on recent sales of similar homes rather than on the asking price or the size of a cut. See also how much over asking Los Angeles buyers pay and how long Los Angeles homes take to sell.
Methodology
Source: TurboHome's MLS closings data (our MLS feed), closings from May 1 to October 31, 2026, compared with May 1 to October 31, 2025.
Filters: single-family homes, condos and townhouses; a close price of $50,000 or more; original and final list price both recorded; and a final list price between 40% to 150% of the original list price, which removes relists and data errors.
Definitions: a price cut means the final list price at sale was below the original list price. The median cut is measured only on homes that were cut. Sale to original list is the close price divided by the original list price, the full discount from the first asking price; sale to reduced list is the close price divided by the final, reduced list price. Days on market uses recorded values from 0 to 730 days. Prices, cuts, ratios and days on market are medians.
Thresholds: neighborhood tables show the 25 neighborhoods with the most closings among those with at least 20 closings in the 2026 window, or every qualifying neighborhood where fewer qualified. Price range and home type rows need at least 12 closings.
Portal figures: Realtor.com, October 2026 Housing Report, published November 4, 2026, checked November 14, 2026. Its price-reduced share counts active listings with a price reduction during the month. Redfin, Housing Market Update, November 5, 2026, checked November 14, 2026. Its figure is the share of U.S. listings with a price drop in the four weeks ending November 1, 2026. Portal figures count homes for sale that had a cut during one period, across a whole metro. Our figure counts homes in the city that actually sold after at least one cut over six months, and then shows what they sold for against their original asking price. A listing that was cut and has not sold, or was taken off the market, counts in the portal figures but not in ours.
TurboHome figures: TurboHome's own closings from November 1, 2025 to October 31, 2026 over $50,000 with both the original and the final list price recorded. The 247 California and 34 Texas counts are closings with both prices recorded, not total closings, and Texas is a small sample.
FAQ
Does a price cut mean I can offer below the new price in Los Angeles?
Often, yes. Cut homes in Los Angeles closed at a median 97.6% of the reduced price from May through October 2026, so the typical cut home still sold below its new asking price, and at 90.7% of the original. Let recent sales of similar homes set your number, not the cut alone.
How big is a typical price cut in Los Angeles?
The median cut was 6.3% ($74,000) off the original asking price for Los Angeles homes that were cut and sold from May through October 2026. 16.7% of cuts were under 3% and 26.9% were 10% or more.
Which Los Angeles neighborhoods had the most price cuts?
El Sereno had the highest share of cut sales among the 25 Los Angeles neighborhoods with the most closings, at 43.1%, followed by Baldwin Hills / Crenshaw (40.0%) and Montecito Heights (36.9%). Westwood had the deepest median cut at 9.3%.
Are price cuts in Los Angeles rising or falling?
Roughly flat. 25.7% of Los Angeles closings from May through October 2026 sold after a cut, against 25.6% in the same months of 2025. Realtor.com counted 17.5% of active Los Angeles-Long Beach-Anaheim listings with a price reduction in October 2026, up 1.9 points from a year earlier, a count of listings rather than sales.
Who are the flat-fee buyer's agents in Los Angeles?
TurboHome is a flat-fee buyer's brokerage with licensed agents in Los Angeles. Its agents handle tours, offers, negotiation and closing for a flat fee instead of a percentage commission, and TurboHome refunds the rest of the buyer-side commission to the buyer at closing. For other companies that refund part of the commission, see the companies that refund the buyer's agent commission in California.
Related guides
- Home price cuts by city
- How much over asking to offer in Los Angeles
- Days on market in Los Angeles
- Closing costs in Los Angeles
- Property taxes in Los Angeles
- Price per square foot in Los Angeles
- California home buying guides
- How to get cash back when you buy a house
- Companies that refund the buyer's agent commission in California
About the Author
Vinura Abeysundara
Vinura Abeysundara is a real estate and growth professional with experience scaling homebuying platforms across Canada and the United States. Formerly Head of Growth at Zown, he now works with TurboHome and writes about homebuyer savings, flat-fee real estate, commissions, and technology in real estate.
View Vinura on LinkedInAbout Kevin Kretzmer
Head Agent, California
Kevin Kretzmer leads TurboHome's California agent team and reviews California and national buyer guidance for practical brokerage accuracy.
View Kevin's profile