Is Pacoima, 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, Pacoima has remained a Seller's Market.
Housing Prices in Pacoima, CA
How much do homes in Pacoima, CA cost?
Median Sold Price
$675,000
$499/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Pacoima was $675,000 in March 2024, up 3.8% from last year, and the median price per square foot was $499.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $330K | $385K | +16.7% |
2 Bedrooms | $475K | $507K | +6.7% |
3 Bedrooms | $657.4K | $695K | +5.7% |
4 Bedrooms | $732.5K | $722.5K | -1.4% |
5+ Bedrooms | $774.5K | $812.5K | +4.9% |
Summary: Pacoima housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Neighborhoods
Lake View Terrace | $780K | $862K | +10.5% |
Shadow Hills | $950K | $1.0M | +6.4% |
Pacoima | $650K | $675K | +3.8% |
Sun Valley | $761K | $765K | 0.5% |
Sylmar | $740K | $740K | 0.0% |
Housing Supply in Pacoima, CA
How many homes are available in Pacoima, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
71 | 68 | -4.2% |
Summary: The Pacoima real estate market had 68 homes for sale in March 2024, a 4.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 20 | 18 | -10.0% |
3 Bedrooms | 36 | 32 | -11.1% |
4 Bedrooms | 6 | 7 | +16.7% |
5+ Bedrooms | 7 | 10 | +42.9% |
Summary: The Pacoima housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 21 | +23.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Pacoima in March 2024, up by 23.5% month-over-month. Of the 21 sold homes, 19% were sold under asking, 19% were sold at asking, and 62% were sold over asking.
Days on Market for Pacoima, CA
How long does it take to sell a home in Pacoima, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 19 Days | -34.7% |
Summary: Homes in Pacoima had an average of 19 days on market in Mar 2024, down by 34.7% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 21 homes were sold in Pacoima; 76% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.