Is San Fernando, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, San Fernando has remained a Seller's Market.
Key Takeaway
San Fernando is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Fernando, CA
How much do homes in San Fernando, CA cost?
Median Sold Price
$657,500
$536/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in San Fernando have sold for 17.8% less than they did a month ago.
Summary: The median home sold price in San Fernando was $657,500 in March 2024, down 17.8% from last month, and the median price per square foot was $536.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $850K | $540K | -36.5% |
| 3 Bedrooms | $800K | $715K | -10.6% |
| 4 Bedrooms | $746K | $1.2M | +67.5% |
| 5+ Bedrooms | - | - | N/A |
Summary: San Fernando housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 36.5%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 67.5%, and 5+ bedroom homes did not change.
Housing Supply in San Fernando, CA
How many homes are available in San Fernando, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 22 | 23 | +4.5% |
Summary: The San Fernando real estate market had 23 homes for sale in March 2024, a 4.5% increase 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 | 7 | 9 | +28.6% |
| 3 Bedrooms | 10 | 10 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The San Fernando 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 28.6%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Fernando, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in San Fernando in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for San Fernando, CA
How long does it take to sell a home in San Fernando, CA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 18 Days | -51.0% |
Summary: Homes in San Fernando had an average of 18 days on market in Mar 2024, down by 51% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Fernando are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in San Fernando; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.