Is Lake View Terrace, 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, Lake View Terrace has remained a Seller's Market.
Housing Prices in Lake View Terrace, CA
How much do homes in Lake View Terrace, CA cost?
Median Sold Price
$883,000
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lake View Terrace was $883,000 in April 2024, up 13.2% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $610K | N/A |
2 Bedrooms | $500K | $555K | +11.0% |
3 Bedrooms | $777.5K | $880K | +13.2% |
4 Bedrooms | $800K | $905K | +13.1% |
5+ Bedrooms | $1.3M | $998K | -23.2% |
Summary: Lake View Terrace housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Neighborhoods
Lake View Terrace | $780K | $883K | +13.2% |
Shadow Hills | $950K | $1.0M | +6.4% |
Sunland | $799K | $836K | +4.6% |
The San Fernando Valley | $874.2K | $900.2K | +3.0% |
Sylmar | $735K | $740K | +0.7% |
Housing Supply in Lake View Terrace, CA
How many homes are available in Lake View Terrace, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
28 | 24 | -14.3% |
Summary: The Lake View Terrace real estate market had 24 homes for sale in April 2024, a 14.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 3 | +200.0% |
3 Bedrooms | 9 | 10 | +11.1% |
4 Bedrooms | 14 | 8 | -42.9% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Lake View Terrace housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 6 | -33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Lake View Terrace in April 2024, down by 33.3% month-over-month. Of the 6 sold homes, 0% were sold under asking, 17% were sold at asking, and 83% were sold over asking.
Days on Market for Lake View Terrace, CA
How long does it take to sell a home in Lake View Terrace, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
24 Days | 29 Days | +21.1% |
Summary: Homes in Lake View Terrace had an average of 29 days on market in Apr 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Lake View Terrace; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.