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About 11,000 residential properties totaling $51.7 billion in value in Los Angeles were impacted by January’s wildfires, according to a new report from Redfin.
The report, released on Thursday, uses data from the Los Angeles City Council, which provided a list of 11,125 residential parcels inspected after the wildfires. Redfin matched nearly 11,000 of these parcels with property value estimates from December 2024.
While many properties were destroyed, most were single-family homes.
Most homes included in the analysis were impacted by the Palisades Fire, which is estimated to be the third most destructive wildfire in state history, according to the California Department of Forestry and Fire Protection.
Redfin’s analysis excludes the impact of the Eaton Fire, which impacted the Los Angeles suburb of Altadena, meaning the total value of homes destroyed in the January fires likely far exceeds $51.7 billion.
Before the fires, the typical impacted home was valued at $3.7 million. Before the fires, nearly 100 properties had individual values of more than $20 million.
Redfin noted that the typical impacted home was built in 1957 and was 2,916 square feet, and the roughly 11,000 impacted properties Redfin analyzed totaled 36.7 million square feet
“The LA housing market is moving slowly after the fires,” said Greg Eubanks, a local Redfin Premier real estate agent. “A lot of people who lost their homes are renting while they work through the insurance claim process, and haven’t figured out whether, when or where they’ll buy again.
“Some people whose homes burned in the Palisades have put their vacant lots up for sale, but those aren’t selling as quickly as the lots in Altadena because the price point in the Palisades is so much higher, which is a barrier for investors. It’s also a bit of a tough sell because infrastructure hasn’t been rebuilt yet — there are still no grocery stores.”
The typical impacted home has a First Street Fire Factor risk score of 5, or “major.” These fire risk scores use a composite methodology that includes historical fire activity and climate projections. These scores represent ongoing and future risks, not a specific time point.
