Is San Fernando, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Fernando is a 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

$702,500

$507/sqft

Based on all homes sold in January 2024.

Difference Since Last Month

-$22,500(-3.1%)

Key Takeaway

Homes in San Fernando have sold for 3.1% less than they did a month ago.

Summary: The median home sold price in San Fernando was $702,500 in January 2024, down 3.1% from last month, and the median price per square foot was $507.

Median Sold Price By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 $500K-
N/A
2 $508K$680K
+33.9%
3 $715K-
N/A
4 $735K$720K
-2.0%
5+ $870K$780K
-10.3%

Summary: San Fernando housing prices by bedroom type for January 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 2%, and 5+ bedroom homes decreased by 10.3%.

Housing Supply in San Fernando, CA

How many homes are available in San Fernando, CA?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
2720-25.9%

Summary: The San Fernando real estate market had 20 homes for sale in January 2024, a 25.9% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 10
-100.0%
2 65
-16.7%
3 97
-22.2%
4 65
-16.7%
5+ 53
-40.0%

Summary: The San Fernando housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
84-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Fernando, you could pay more than the asking price. 75% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in San Fernando in January 2024, down by 50.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% 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

Dec 2023Jan 2024CHANGE
27 Days30 Days+8.6%

Summary: Homes in San Fernando had an average of 30 days on market in Jan 2024, up by 8.6% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in San Fernando are selling fast, if you're buying plan to act quickly.

Summary: During January 2024, 4 homes were sold in San Fernando; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 29 Days Ago

Newest Listings in San Fernando, CA

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