Is San Fernando, 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, San Fernando has remained a Seller's Market.
Housing Prices in San Fernando, CA
How much do homes in San Fernando, CA cost?
Median Sold Price
$717,500
$524/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Fernando was $717,500 in May 2024, up 6.3% from last year, and the median price per square foot was $524.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $494.5K | +2.0% |
2 Bedrooms | $564.2K | $540K | -4.3% |
3 Bedrooms | $733.7K | $730K | -0.5% |
4 Bedrooms | $698K | $785K | +12.5% |
5+ Bedrooms | $722.5K | $880K | +21.8% |
Summary: San Fernando housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
San Fernando | $675K | $717.5K | +6.3% |
San Fernando Valley | $894.9K | $949.5K | +6.1% |
Los Angeles | $968.1K | $995.9K | +2.9% |
Housing Supply in San Fernando, CA
How many homes are available in San Fernando, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
28 | 27 | -3.6% |
Summary: The San Fernando real estate market had 27 homes for sale in May 2024, a 3.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 10 | -28.6% |
3 Bedrooms | 9 | 11 | +22.2% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The San Fernando housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in San Fernando in May 2024, up by 57.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 0% were sold at asking, and 55% were sold over asking.
Days on Market for San Fernando, CA
How long does it take to sell a home in San Fernando, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 24 Days | +23.1% |
Summary: Homes in San Fernando had an average of 24 days on market in May 2024, up by 23.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in San Fernando; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.