LA CONDO SALES VOLUME, 2021 TO 2025: HOW MANY UNITS ACTUALLY SOLD IN 8 ZIP CODES
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Everybody watches condo prices. Almost nobody watches the number that explains the last five years better: how many condos actually sold.
A price can sit still while a market quietly stops moving, and that is exactly what happened across Los Angeles. We pulled the condo sales counts for eight ZIP codes, from Downtown to Venice, for 2021 through 2025, and put the average 30-year mortgage rate next to them. The two lines tell the whole story.
The numbers: condo units sold, 2021 to 2025
| ZIP code | 2021 | 2022 | 2023 | 2024 | 2025 | Change since 2021 |
|---|---|---|---|---|---|---|
| 90069 (West Hollywood) | 368 | 310 | 205 | 199 | 221 | -39.9% |
| 90046 (Hollywood Hills West) | 214 | 148 | 121 | 124 | 101 | -52.8% |
| 90015 (Downtown LA) | 172 | 154 | 106 | 80 | 83 | -51.7% |
| 90013 (Downtown LA) | 86 | 77 | 59 | 48 | 44 | -48.8% |
| 90028 (Hollywood) | 58 | 43 | 35 | 19 | 33 | -43.1% |
| 90291 (Venice) | 44 | 26 | 11* | 14 | 33 | -25.0% |
| 90038 (Hollywood) | 24 | 16 | 9* | 7 | 16 | -33.3% |
| 90029 (East Hollywood) | 22 | 7* | 8 | 10* | 8* | n/a* |
| All eight ZIPs (minimum) | 988 | 781 | 554 | 501 | 539 | -45.5% |
| Average 30-year fixed rate | 2.96% | 5.34% | 6.81% | 6.72% | 6.60% |
*Redfin does not publish every quarter for the smallest markets, so figures marked with an asterisk are minimums built from the quarters it did publish, not exact totals. Sales counts are Redfin Data Center figures for its condo and co-op segment; rates are Freddie Mac annual averages. Redfin's counts can differ somewhat from MLS tallies.
What happened, in three acts
2021 was the frenzy. With the average 30-year rate at 2.96%, buyers were everywhere. West Hollywood alone closed 368 condos. Across the five ZIP codes with complete data for every year, 898 condos changed hands.
2022 and 2023 were the rate shock. The average rate jumped to 5.34%, then 6.81%. Volume fell off a cliff: down 18.5% in 2022, then another 28.1% in 2023. Downtown took it hard. The 90015 ZIP went from 172 sales to 106 in two years, a drop of nearly 40%, and 90013 slid from 86 to 59. Owners holding a 3% mortgage had no reason to sell into a 7% market, and buyers who needed a loan did the math and walked away.
2024 was the bottom. Rates stayed high at 6.72% and volume kept sliding to 470 sales in the five complete ZIPs, about 48% below 2021. Hollywood's 90028 recorded just 19 condo sales in the entire year. Nineteen.
Area by area
West Hollywood (90069) is the biggest condo market of the eight by a wide margin, and it is also the one recovering first: 221 sales in 2025, up 11.1% from 2024. It never fell as far in percentage terms, and its buyers came back sooner.
Downtown (90015 and 90013) is still sitting near the bottom. The 90015 ZIP ticked up slightly to 83 sales in 2025, while 90013 slipped again to 44. Two downtown ZIPs combined sold 127 condos last year. In 2021 they sold 258. Downtown also carries the heaviest load of HOA dues and special assessments in the city, which makes the monthly payment math even harder for buyers. If you own a rental downtown that costs you money every month, we ran those numbers in Between a Rock and a Hard Place.
90046 is the one area still sliding: 101 sales in 2025, down 18.5% from the year before, less than half its 2021 count. Hollywood's 90028 went the other way, bouncing from 19 sales to 33, a 73.7% jump on a small base. Venice (90291) and the smaller Hollywood and East Hollywood ZIPs sell so few condos that a handful of closings swings their percentages wildly; read their unit counts, not their percentages.
Is 2025 the turn?
Maybe the start of one. The average rate eased to 6.60% in 2025, and total volume across the five complete ZIPs rose 2.6%, the first increase in four years. That is stabilization, not a boom. Volume is still roughly 46% below 2021, and it will probably stay there until rates give buyers a real reason to move.
For sellers, a low-volume market means your competition is not other listings so much as buyer hesitation: price to the payment, not to 2021. For buyers, thin volume cuts both ways. There is less to choose from, but the sellers who do list are often the ones who actually need to sell, and that is where the negotiating room is.
If you are weighing a condo sale anywhere between Downtown and the beach, we are happy to pull your building's own numbers. Buildings tell the truth that ZIP codes average out.
Source: Redfin Data Center (condo and co-op sales counts by ZIP code); Freddie Mac Primary Mortgage Market Survey (average 30-year fixed rates).