Amid ongoing concerns about the devastating wildfires in and around Los Angeles, Realtor.com released a report today exploring the potential impact of the Eaton and Palisades fires. We hope this report and data are helpful for any future reporting on it.
Key highlights from this report includes:
- The 15,841 residential properties within the designated fire boundaries had a total value of $40.3 billion. This estimate includes single-family homes, townhomes, condominiums, and cooperatives.
- The sizable total value of residences impacted by the fires stems from both the high number and the relatively high median value. The median home within the boundaries of the Eaton fire has an estimated $1.3 million value while the typical home in the Palisades fire boundary has an estimated value of $3.0 million.
- The number of homes listed for sale in the affected areas fell from 94 homes in the first week of the year (pre-fire), to 52 homes last week as sellers either pulled listings off the market, or potential listings never hit the market. In this same period of time, the broader Los Angeles market saw the count of active listings rise from 6,089 to 6,743, an increase that is seasonally typical.
- For-sale listing viewership from outside of LA surged starting on January 8th, right as the wildfires picked up. Pre-fires, less than 40% of listing viewership came from outside the LA metro area. By January 9th, the out-of-metro share of views reached 65%, peaking before falling slowly and reaching pre-fire share by January 18. Of note, in the last few days, out-of-metro viewer share has continued to fall, suggesting that within-LA viewership is picking up, perhaps as displaced residents look for living options.
- So far in 2025, about 100 homes have been listed for sale within the Eaton and Palisades fire boundaries. LA county as a whole has seen 8,426 active listings year-to-date, meaning these at-risk properties made up about 1.3% of active for-sale home listings so far this year.
- Rents have been stable to modestly down in the Los Angeles metro area in recent years as the rental vacancy rate has risen to a 10-year high. This will likely help the market better accommodate displaced households, but rental price increases are still expected.
- Traffic on Realtor.com to rental listings in Los Angeles from local residents has climbed by twice as much since the start of 2025 as traffic to for-rent listings nationwide. We expect to see elevated search activity in the rental market in the near-term.
See the full report here: www.realtor.com/research/palisades-eaton-fire-impact-los-angeles-county
Please contact the American Red Cross to learn about offering financial assistance: https://www.redcross.org/.
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