The November 2024 Zillow Home Value Index reveals a striking landscape of luxury real estate across Los Angeles, Beverly Hills, and Malibu, with property values spanning from $1.39 million to an astounding $9.99 million. The analysis showcases Beverly Hills Gateway’s dominance at the peak with nearly $10 million, while only eight neighborhoods exceed the $3 million threshold. The representation across cities shows interesting patterns, with Los Angeles contributing 19 neighborhoods, Beverly Hills adding 7, and Malibu completing the list with 4 locations. The appreciation rates tell an equally compelling story, with Malibu leading at an average of 112.5% growth since 2015, followed by Beverly Hills at 80.4% and Los Angeles at 74.5%.
The market reveals fascinating trends in both absolute values and appreciation rates. Point Dume in Malibu recorded the highest appreciation at 174.4%, followed by Beverly Hills’ The Flats at 140.5% and Beverly Hills Gateway at 122.6%. Geographically, coastal areas command premium prices, while Beverly Hills neighborhoods cluster in the highest price ranges, and Westside LA properties dominate the middle tier. The ultra-luxury segment, defined by Beverly Hills Gateway and The Flats above $8 million, stands notably apart from the third-place Point Dume at $5.27 million.
Most dramatic price increases occurred between 2015-2020, with growth moderating in the 2020-2024 period, though Malibu maintained the strongest recent momentum. Venice shows an interesting anomaly with the lowest appreciation (31.3%) despite its high base value, while Encino demonstrates remarkable growth (105%) from a lower starting point. The market clearly segments into three tiers: ultra-luxury above $8 million (Beverly Hills), premium tier $3-5 million (Malibu and top LA neighborhoods), and core luxury tier $1.4-3 million comprising the majority of neighborhoods.
Please note that I decided to include neighborhoods not solely within Los Angeles. For example, I included neighbhoods in Beverly Hills and Malibu. I decided that this approach would give a more accurate picture of the most expensive areas in the Los Angeles area.
#30. Encino (Los Angeles)
Encino, located in the San Fernando Valley, has demonstrated remarkable growth in its real estate values. Home prices in this established community have risen from $677,306 in 2015 to $935,420 in 2020, before reaching $1,388,181 in 2024, marking an impressive 105.0% increase since 2015 and showcasing the area’s growing desirability among luxury homebuyers.
#29. Westchester (Los Angeles)
Westchester, situated near LAX and Loyola Marymount University, has shown substantial appreciation in its property values. The neighborhood saw values climb from $730,022 in 2015 to $1,081,185 in 2020, before reaching $1,404,701 in 2024, representing a strong 92.4% increase over the nine-year period.
#28. West Los Angeles (Los Angeles)
West Los Angeles, centrally located in the city’s Westside region, has maintained steady growth in its real estate market. Property values in this well-connected neighborhood increased from $885,758 in 2015 to $1,169,022 in 2020, before reaching $1,428,716 in 2024, showing a solid 61.3% appreciation since 2015.
#27. Beverly Glen (Los Angeles)
Beverly Glen, nestled in the Santa Monica Mountains, has demonstrated consistent growth in its property values. Home prices in this scenic area rose from $851,919 in 2015 to $1,114,834 in 2020, before climbing to $1,432,332 in 2024, marking a 68.1% increase over the nine-year period.
#26. Silver Lake (Los Angeles)
Silver Lake, one of LA’s most trendy and creative neighborhoods, has shown strong appreciation in its housing market. Property values in this dynamic community increased from $868,263 in 2015 to $1,193,454 in 2020, before reaching $1,452,223 in 2024, representing a 67.3% gain since 2015.
#25. Studio City (Los Angeles)
Studio City, located in the San Fernando Valley’s southern edge, has experienced substantial growth in its real estate values. The neighborhood saw prices increase from $813,334 in 2015 to $1,130,148 in 2020, before reaching $1,551,770 in 2024, showing an impressive 90.8% appreciation since 2015.
#24. Ramirez Canyon (Malibu)
Ramirez Canyon, a serene Malibu enclave known for its privacy and natural beauty, has demonstrated steady growth in its property values. Home prices in this exclusive area rose from $1,013,873 in 2015 to $1,229,663 in 2020, before climbing to $1,553,651 in 2024, marking a 53.2% increase over the period.
#23. Mid City West (Los Angeles)
Mid City West, a vibrant central Los Angeles neighborhood, has maintained consistent growth in its real estate market. Property values in this diverse area increased from $1,031,630 in 2015 to $1,477,135 in 2020, before reaching $1,659,994 in 2024, showing a 60.9% appreciation since 2015.
#22. Mar Vista (Los Angeles)
Mar Vista, situated on the Westside near Venice Beach, has experienced strong growth in its housing market. The neighborhood saw values rise from $959,082 in 2015 to $1,367,615 in 2020, before reaching $1,742,204 in 2024, representing an impressive 81.7% increase over the nine-year period.
#21. North Doheny (Beverly Hills)
North Doheny, a prestigious Beverly Hills neighborhood, has shown steady appreciation in its property values. Home prices in this luxurious area increased from $1,224,090 in 2015 to $1,629,653 in 2020, before climbing to $1,769,657 in 2024, marking a 44.6% gain since 2015.
#20. Venice (Los Angeles)
Venice, famous for its beachfront location and vibrant culture, has maintained its position among LA’s premium neighborhoods despite showing more modest appreciation. Property values in this iconic area moved from $1,393,199 in 2015 to $1,685,718 in 2020, before reaching $1,829,885 in 2024, showing a 31.3% increase since 2015.
#19. South Carthay (Los Angeles)
South Carthay, a historic neighborhood in Mid-City, has demonstrated consistent growth in its real estate market. The area saw values increase from $1,132,000 in 2015 to $1,610,004 in 2020, before reaching $1,847,003 in 2024, representing a 63.2% appreciation over the period.
#18. Los Feliz (Los Angeles)
Los Feliz, nestled against Griffith Park, has shown strong growth in its property values. Home prices in this sought-after neighborhood rose from $1,056,271 in 2015 to $1,447,116 in 2020, before climbing to $1,887,921 in 2024, marking a substantial 78.7% increase since 2015.
#17. La Cienega Park (Beverly Hills)
La Cienega Park, a prestigious Beverly Hills neighborhood, has experienced significant appreciation in its real estate values. Property values in this upscale area increased from $1,059,651 in 2015 to $1,585,410 in 2020, before reaching $1,907,845 in 2024, showing an impressive 80.0% gain over the period.
#16. Southwest Doheny (Beverly Hills)
Southwest Doheny, an exclusive Beverly Hills enclave, has maintained steady growth in its housing market. The neighborhood saw values rise from $1,493,693 in 2015 to $1,984,106 in 2020, before reaching $1,963,527 in 2024, representing a 31.5% appreciation since 2015.
#15. Hollywood Hills (Los Angeles)
Hollywood Hills, one of LA’s most iconic neighborhoods, has demonstrated strong growth in its property values. Home prices in this celebrity-favored area increased from $1,118,064 in 2015 to $1,532,942 in 2020, before climbing to $1,982,728 in 2024, marking a 77.3% gain over the nine-year period.
#14. Mid Wilshire (Los Angeles)
Mid Wilshire, a central Los Angeles neighborhood known for its cultural institutions, has shown consistent appreciation in its real estate market. Property values in this diverse area rose from $1,277,802 in 2015 to $1,705,307 in 2020, before reaching $2,072,784 in 2024, showing a 62.2% increase since 2015.
#13. Beverlywood (Los Angeles)
Beverlywood, situated near Beverly Hills, has maintained strong growth in its housing market. The neighborhood saw values increase from $1,257,428 in 2015 to $1,686,664 in 2020, before reaching $2,142,672 in 2024, representing a 70.4% appreciation over the period.
#12. Cheviot Hills (Los Angeles)
Cheviot Hills, located on the Westside, has demonstrated substantial growth in its property values. Home prices in this prestigious area rose from $1,307,090 in 2015 to $1,776,234 in 2020, before climbing to $2,251,264 in 2024, marking a 72.2% gain since 2015.
#11. Southeast Doheny (Beverly Hills)
Southeast Doheny, an elegant Beverly Hills neighborhood, has shown consistent appreciation in its real estate market. Property values in this exclusive enclave increased from $1,500,045 in 2015 to $2,194,375 in 2020, before reaching $2,521,552 in 2024, showing a 68.1% increase over the nine-year period.
#10. Brentwood (Los Angeles)
Brentwood, one of LA’s most prestigious neighborhoods, has experienced remarkable growth in its housing market. The area saw values surge from $1,419,480 in 2015 to $2,009,403 in 2020, before reaching $2,697,961 in 2024, representing a substantial 90.1% appreciation since 2015.
#9. Beverly Crest (Los Angeles)
Beverly Crest, situated in the Santa Monica Mountains, has demonstrated strong growth in its property values. Home prices in this exclusive enclave rose from $1,466,921 in 2015 to $2,192,080 in 2020, before climbing to $2,727,002 in 2024, marking an impressive 85.9% gain over the period.
#8. Trancas Canyon (Malibu)
Trancas Canyon, a pristine Malibu location, has shown exceptional appreciation in its real estate market. Property values in this coastal area increased dramatically from $1,298,482 in 2015 to $1,927,586 in 2020, before reaching $2,794,819 in 2024, showing a remarkable 115.2% gain since 2015.
#7. Roxbury Park (Beverly Hills)
Roxbury Park, a distinguished Beverly Hills neighborhood, has maintained strong growth in its housing market. The area saw values climb from $1,666,055 in 2015 to $2,608,404 in 2020, before reaching $2,929,890 in 2024, representing a 75.9% appreciation over the nine-year period.
#6. Pacific Palisades (Los Angeles)
Pacific Palisades, nestled between the Pacific Ocean and Santa Monica Mountains, has demonstrated consistent luxury-market performance. Property values in this prestigious coastal community rose from $1,943,114 in 2015 to $2,742,014 in 2020, before reaching $3,485,831 in 2024, marking a 79.4% increase since 2015.
#5. Bel Air (Los Angeles)
Bel Air, one of Los Angeles’s most renowned luxury enclaves, has maintained its position among the region’s elite neighborhoods. Home values in this ultra-prestigious area increased from $2,156,942 in 2015 to $3,052,605 in 2020, before climbing to $3,822,315 in 2024, showing a substantial 77.2% appreciation over the period.
#4. Malibu Park (Malibu)
Malibu Park, offering stunning ocean views and privacy, has experienced exceptional growth in its property values. The neighborhood saw prices surge from $1,948,099 in 2015 to $2,696,900 in 2020, before reaching $4,032,379 in 2024, representing a remarkable 107.0% increase since 2015.
#3. Point Dume (Malibu)
Point Dume, a premier Malibu peninsula location, has demonstrated extraordinary appreciation in its real estate market. Property values in this exclusive coastal enclave skyrocketed from $1,919,413 in 2015 to $3,245,940 in 2020, before reaching $5,267,373 in 2024, marking an outstanding 174.4% gain over the period.
#2. The Flats (Beverly Hills)
The Flats, one of Beverly Hills’ most coveted neighborhoods, has shown exceptional growth in its ultra-luxury market. Home values in this prestigious area surged from $3,739,521 in 2015 to $8,127,876 in 2020, before reaching $8,992,693 in 2024, demonstrating a remarkable 140.5% appreciation since 2015.
#1. Beverly Hills Gateway (Beverly Hills)
Beverly Hills Gateway stands as the most expensive neighborhood across Los Angeles, Beverly Hills, and Malibu, demonstrating unprecedented luxury real estate values. Property values in this ultra-prestigious enclave have surged from $4,485,331 in 2015 to $9,125,073 in 2020, before reaching an astounding $9,985,416 in 2024, marking a remarkable 122.6% appreciation since 2015 and cementing its position as the pinnacle of Southern California luxury real estate.
