Is Granada Hills, 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, Granada Hills has remained a Seller's Market.
Key Takeaway
Granada Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Granada Hills, CA
How much do homes in Granada Hills, CA cost?
Median Sold Price
$957,500
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Granada Hills have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Granada Hills was $957,500 in March 2024, up 2.8% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $555K | $594.5K | +7.1% |
| 3 Bedrooms | $860K | $865K | +0.6% |
| 4 Bedrooms | $1.0M | $1.0M | +6.7% |
| 5+ Bedrooms | $1.2M | $1.2M | -0.8% |
Summary: Granada Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 0.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Northridge | $933.6K | $1.0M | +8.7% |
| Granada Hills | $931.5K | $957.5K | +2.8% |
| Porter Ranch | $1.1M | $1.1M | +2.3% |
| Mission Hills | $761K | $762K | 0.1% |
| Sylmar | $740K | $740K | 0.0% |
Housing Supply in Granada Hills, CA
How many homes are available in Granada Hills, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 107 | 102 | -4.7% |
Summary: The Granada Hills real estate market had 102 homes for sale in March 2024, a 4.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 37 | 30 | -18.9% |
| 4 Bedrooms | 46 | 45 | -2.2% |
| 5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Granada Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 18.9%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 | 32 | -11.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Granada Hills, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Granada Hills in March 2024, down by 11.1% month-over-month. Of the 32 sold homes, 50% were sold under asking, 3% were sold at asking, and 47% were sold over asking.
Days on Market for Granada Hills, CA
How long does it take to sell a home in Granada Hills, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 34 Days | 27 Days | -18.0% |
Summary: Homes in Granada Hills had an average of 27 days on market in Mar 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Granada Hills are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 32 homes were sold in Granada Hills; 72% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 3% 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.