Is Chatsworth, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chatsworth has remained a Seller's Market.
Key Takeaway
Chatsworth is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chatsworth, CA
How much do homes in Chatsworth, CA cost?
Median Sold Price
$990,000
$498/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Chatsworth have sold for 7% more than they did a year ago.
Summary: The median home sold price in Chatsworth was $990,000 in March 2024, up 7% from last year, and the median price per square foot was $498.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405K | $384K | -5.2% |
| 2 Bedrooms | $570K | $572.5K | 0.4% |
| 3 Bedrooms | $820K | $865K | +5.5% |
| 4 Bedrooms | $1.0M | $1.0M | -1.2% |
| 5+ Bedrooms | $1.6M | $1.9M | +16.4% |
Summary: Chatsworth housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Chatsworth | $925K | $990K | +7.0% |
| Porter Ranch | $1.1M | $1.1M | +2.3% |
| Winnetka | $797K | $803.3K | +0.8% |
Housing Supply in Chatsworth, CA
How many homes are available in Chatsworth, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 120 | 119 | -0.8% |
Summary: The Chatsworth real estate market had 119 homes for sale in March 2024, a 0.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 30 | 24 | -20.0% |
| 5+ Bedrooms | 52 | 51 | -1.9% |
Summary: The Chatsworth housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 1.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 28 | -15.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chatsworth, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Chatsworth in March 2024, down by 15.2% month-over-month. Of the 28 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.
Days on Market for Chatsworth, CA
How long does it take to sell a home in Chatsworth, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 29 Days | -35.1% |
Summary: Homes in Chatsworth had an average of 29 days on market in Mar 2024, down by 35.1% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chatsworth are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 28 homes were sold in Chatsworth; 68% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 7% 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.