Some of the biggest mansions in and around Los Angeles haven't been fetching anywhere near their original listing prices, despite former ownership by some big-name celebrities. This month alone, homes once owned by Milwaukee Brewers minority owner Robert Beyer, singer Ricky Martin, and previously married Jennifer Lopez and Ben Affleck have sold or are asking for well under their listing price, Mansion Global reported.
In July 2025, the median home price in Los Angeles was about $1.06 million, down roughly 0.5% year-over-year, and homes stayed on the market for a median of 58 days, up from around 44 days last year.
The lavish Holmby Hills estate, previously owned by Sean "Diddy" Combs, is now on the market for $61.5 million, blending luxury amenities with music history.