La Palma, CA Housing Market
Median List Price
$1,250,000
Updated August 2026
Today, La Palma has 12 homes for sale at a median list price of $1,250,000, typically selling in about 27 days.
La Palma Market Analysis
Homes in La Palma, CA carry a median list price of $1.3M. Per square foot, the median stands at $625. The median price moved from $1.1M in February to $1.3M in July, a 10.0% increase over six months.
The typical listing reaches pending status in about 10 days. Homes move quickly at that pace, which favors sellers and rewards buyers who come prepared. Right now 12 homes are on the market in La Palma, CA. 6 new listings came on the market in the last 30 days.
Four bedroom homes carry the highest medians at $1.4M, with three bedroom homes starting the range at $1.1M. Single family homes make up about 91.7% of current inventory. Addresses here carry the 90623 ZIP code.
La Palma Rental Market
Rentals in La Palma, CA carry a median asking rent of $4,600. The median rent moved from $4,800 in December 2025 to $4,500 in June 2026, a 6.3% decrease over six months. Right now 3 rentals are on the market in La Palma, CA.
La Palma Market Pulse
Topfind Market Read
Sellers hold the edge right now. There is only 2.0 months of supply, and the typical home sells in about 27 days. At the same time, 50% of sellers have trimmed their asking price, and sale prices have eased 1% over the last six months and are 8% below a year ago, so the market is not running away from buyers. Sellers have the stronger hand, though prepared buyers can still negotiate on the right home.
Median Home Price
$1.25M
↓ 8% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
2.0 months of supply
Tight Supply12 active listings against the current sales pace works out to about 2.0 months of supply.
What this means for buyers
Inventory is tight relative to how many homes sell each month, so buyers have fewer options and well-priced homes draw competition. Listings typically sell in ~27 days.
Sales Velocity
How fast homes are selling
Homes are selling quickly, which gives sellers leverage, though prepared buyers can still compete. Homes are moving 66% faster than six months ago.
Inventory Distribution
Most current listings are under 30 days old, so the mix skews toward fresh inventory.
Housing Tenure in La Palma
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
69%
Homeowners
31%
Renters
Homeownership is 13.5 points higher than the California average (55.5%)
5,110 households (2023)
Median Price by Bedroom
Home prices rise significantly with each additional bedroom.
Each additional bedroom adds about $281K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 2 → 3 bedrooms (+$393K)
Price Reductions
6 listings have reduced their price
50% of active listings
Average reduction: 5.0% (~$63K)
Browse La Palma Listings
Frequently Asked Questions about the La Palma, CA Housing Market
What is the median home price in La Palma, CA?
The median list price in La Palma is $1,250,000 as of August 2026, based on 12 active listings.
Is La Palma a buyer's market or a seller's market?
La Palma currently reads as a seller's market. Active inventory works out to about 2.0 months of supply at the recent sales pace.
How fast do homes sell in La Palma?
Homes that closed in the last 90 days typically went under contract in about 10 days. The average home currently for sale has been on the market for 27 days.
Are home prices in La Palma going up or down?
The median sale price in La Palma is down about 7.6% compared with a year ago.
How many homes are for sale in La Palma, CA?
There are 12 homes for sale in La Palma right now, including 1 listed within the last week.
What is the median rent in La Palma?
The median asking rent in La Palma is $4,600 per month, across 3 active rental listings.