Mortgage Rates (Freddie Mac):
- The average 30-year fixed rate increased this week to 6.22% vs 6.17% last week
October Market Stats
October 2025 Market Update: Prime LA Home Sales on the Rise:
When we compare MLS data across LA's prime markets (including Beverly Hills, BHPO, Hollywood Hills, West Hollywood, Bel Air / Holmby Hills, Westwood / Century City, Brentwood, Santa Monica and Venice), we see notable year-over-year shifts:
October 2025 vs. October 2024:
Homes Sold:- 184 in October 2025 vs. 166 in October 2024, an increase of 11%
Median Sales Price:- $3,258,500 in October 2025 vs. $2,860,000 in October 2024, an increase of 14%
- Median Sales Price Per Sq Ft:
- $1,292 in October 2025 vs. $1,237 in October 2024, an increase of 5%
Average Days on Market:- 47 days in October 2025 vs. 44 days in October 2024, an increase of 7%
Highest Sale Recorded:- $48M in October 2025 vs. $44M in October 2024
What’s Driving This?
There’s been a steady increase in home sales throughout 2025, and October was no exception, continuing the trend of stronger year-over-year activity.
It’s worth noting, however, that performance remains highly area and property specific:
- The ultra-luxury segment ($10M+) continues to see longer marketing times
- Meanwhile, renovated and well-priced homes under $5M remain in strong demand, often attracting multiple offers
- Despite broader economic uncertainty, inventory remains low, keeping prime-area properties highly sought-after
- Additionally, buyer sentiment has improved thanks to a downward trend in mortgage rates throughout 2025.
Looking Ahead
The final months of 2025 will be key for sellers and buyers looking to transact before year-end. With lower rates, limited supply, and continued interest in quality homes, we can expect steady activity, particularly in move-in-ready properties and well-located listings priced strategically.
If you’re curious what your home could achieve in today’s market, I’d be happy to provide a custom market update for your neighborhood, tailored to your property and goals. Just reply “MARKET” and I’ll send you a quick breakdown for your area!
Best regards,
Hannah
Luxury Residential Realtor® | Westside Estate Agency
Santa Monica • Beverly Hills • West Hollywood
