Is The San Fernando Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, The San Fernando Valley has remained a Seller's Market.
Housing Prices in The San Fernando Valley, CA
How much do homes in The San Fernando Valley, CA cost?
Median Sold Price
$900,229
$558/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The San Fernando Valley was $900,229 in April 2024, up 3% from last year, and the median price per square foot was $558.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $394K | $400K | +1.5% |
2 Bedrooms | $612.5K | $635.4K | +3.7% |
3 Bedrooms | $847.8K | $865K | +2.0% |
4 Bedrooms | $1.0M | $1.1M | +5.3% |
5+ Bedrooms | $1.7M | $1.8M | +1.6% |
Summary: The San Fernando Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
Van Nuys | $805K | $840K | +4.3% |
The San Fernando Valley | $874.2K | $900.2K | +3.0% |
Housing Supply in The San Fernando Valley, CA
How many homes are available in The San Fernando Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,448 | 2,810 | +14.8% |
Summary: The The San Fernando Valley real estate market had 2,810 homes for sale in April 2024, a 14.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 80 | 104 | +30.0% |
2 Bedrooms | 458 | 494 | +7.9% |
3 Bedrooms | 835 | 900 | +7.8% |
4 Bedrooms | 591 | 704 | +19.1% |
5+ Bedrooms | 484 | 608 | +25.6% |
Summary: The The San Fernando Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes increased by 25.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
639 | 691 | +8.1% |
Asking Price vs. Sold Price
246 Homes Were Sold
Under Asking
96 Homes Were Sold
At Asking
349 Homes Were Sold
Over Asking
Summary: A total of 691 homes were sold or pending in The San Fernando Valley in April 2024, up by 8.1% month-over-month. Of the 691 sold homes, 36% were sold under asking, 14% were sold at asking, and 51% were sold over asking.
Days on Market for The San Fernando Valley, CA
How long does it take to sell a home in The San Fernando Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 27 Days | -22.6% |
Summary: Homes in The San Fernando Valley had an average of 27 days on market in Apr 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
490 Homes Were Sold
Under 30 Days
153 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Summary: During April 2024, 691 homes were sold in The San Fernando Valley; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.