Is Santa Clarita, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Santa Clarita has remained a Seller's Market.
Key Takeaway
Santa Clarita is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Santa Clarita, CA
How much do homes in Santa Clarita, CA cost?
Median Sold Price
$775,000
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Santa Clarita have sold for 6% more than they did a year ago.
Summary: The median home sold price in Santa Clarita was $775,000 in May 2024, up 6% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $397.5K | $392.5K | -1.3% |
| 2 Bedrooms | $495K | $525K | +6.1% |
| 3 Bedrooms | $715K | $749.8K | +4.9% |
| 4 Bedrooms | $827.3K | $886.2K | +7.1% |
| 5+ Bedrooms | $1.0M | $1.1M | +4.9% |
Summary: Santa Clarita housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
| Stevenson Ranch | $1.0M | $1.1M | +14.9% |
| Castaic | $764K | $811.2K | +6.2% |
| San Fernando Valley | $894.9K | $949.5K | +6.1% |
| Santa Clarita | $730.8K | $775K | +6.0% |
| Newhall | $750K | $785.3K | +4.7% |
Housing Supply in Santa Clarita, CA
How many homes are available in Santa Clarita, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 587 | 589 | 0.3% |
Summary: The Santa Clarita real estate market had 589 homes for sale in May 2024, a 0.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 16 | +60.0% |
| 2 Bedrooms | 118 | 129 | +9.3% |
| 3 Bedrooms | 213 | 210 | -1.4% |
| 4 Bedrooms | 181 | 168 | -7.2% |
| 5+ Bedrooms | 65 | 66 | +1.5% |
Summary: The Santa Clarita housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 1.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 155 | 169 | +9.0% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Santa Clarita, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 169 homes were sold or pending in Santa Clarita in May 2024, up by 9.0% month-over-month. Of the 169 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Santa Clarita, CA
How long does it take to sell a home in Santa Clarita, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 23 Days | 25 Days | +6.0% |
Summary: Homes in Santa Clarita had an average of 25 days on market in May 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
128 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Santa Clarita are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 169 homes were sold in Santa Clarita; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.