Is Reseda, 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, Reseda has remained a Seller's Market.
Housing Prices in Reseda, CA
How much do homes in Reseda, CA cost?
Median Sold Price
$767,500
$536/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Reseda was $767,500 in March 2024, up 1.7% from last year, and the median price per square foot was $536.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $354.5K | $405K | +14.2% |
2 Bedrooms | $515K | $585K | +13.6% |
3 Bedrooms | $755K | $765K | +1.3% |
4 Bedrooms | $847.5K | $825K | -2.7% |
5+ Bedrooms | $1.1M | $1.0M | -8.8% |
Summary: Reseda housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.2%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 8.8%.
Median Sold Price Compared To Nearby Neighborhoods
Lake Balboa | $850K | $873K | +2.7% |
Reseda | $755K | $767.5K | +1.7% |
Housing Supply in Reseda, CA
How many homes are available in Reseda, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
73 | 86 | +17.8% |
Summary: The Reseda real estate market had 86 homes for sale in March 2024, a 17.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 15 | 14 | -6.7% |
3 Bedrooms | 31 | 36 | +16.1% |
4 Bedrooms | 15 | 18 | +20.0% |
5+ Bedrooms | 9 | 16 | +77.8% |
Summary: The Reseda housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 77.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Reseda in March 2024, up by 4.8% month-over-month. Of the 22 sold homes, 36% were sold under asking, 5% were sold at asking, and 59% were sold over asking.
Days on Market for Reseda, CA
How long does it take to sell a home in Reseda, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
55 Days | 27 Days | -49.5% |
Summary: Homes in Reseda had an average of 27 days on market in Mar 2024, down by 49.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 22 homes were sold in Reseda; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.