Is Castaic, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Castaic is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Castaic has remained a Seller's Market.

Key Takeaway

Castaic is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Castaic, CA

How much do homes in Castaic, CA cost?

Median Sold Price

$829,950

$400/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$45,950(+5.9%)

Key Takeaway

Homes in Castaic have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in Castaic was $829,950 in September 2024, up 5.9% from last year, and the median price per square foot was $400.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $310K$337.5K
+8.9%
2 $450K$495.5K
+10.1%
3 $715K$725K
+1.4%
4 $812K$870K
+7.1%
5+ $882.5K$980.5K
+11.1%

Summary: Castaic housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 11.1%.

Median Sold Price Compared To Nearby Cities

Castaic
+5.9%
Santa Clarita
+5.8%
Newhall
+5.6%
Stevenson Ranch
+4.2%
Lake Hughes
-2.7%

Housing Supply in Castaic, CA

How many homes are available in Castaic, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
9995-4.0%

Summary: The Castaic real estate market had 95 homes for sale in September 2024, a 4.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 30
-100.0%
2 56
+20.0%
3 4041
+2.5%
4 3327
-18.2%
5+ 1821
+16.7%

Summary: The Castaic housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2224+9.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Castaic, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Castaic in September 2024, up by 9.1% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% were sold over asking.

Days on Market for Castaic, CA

How long does it take to sell a home in Castaic, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
34 Days29 Days-15.8%

Summary: Homes in Castaic had an average of 29 days on market in Sep 2024, down by 15.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Castaic are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 24 homes were sold in Castaic; 63% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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