Is San Fernando Valley, 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, San Fernando Valley has remained a Seller's Market.
Housing Prices in San Fernando Valley, CA
How much do homes in San Fernando Valley, CA cost?
Median Sold Price
$928,813
$577/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in San Fernando Valley was $928,813 in March 2024, up 2% from last year, and the median price per square foot was $577.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $430K | +3.6% |
2 Bedrooms | $650.1K | $666.4K | +2.5% |
3 Bedrooms | $888.9K | $900K | +1.2% |
4 Bedrooms | $1.1M | $1.1M | +1.0% |
5+ Bedrooms | $1.9M | $1.9M | -1.1% |
Summary: San Fernando Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 1.1%.
Median Sold Price Compared To Nearby Cities
Glendale | $1.1M | $1.1M | +2.2% |
San Fernando Valley | $910.8K | $928.8K | +2.0% |
La Crescenta | $1.2M | $1.2M | +1.7% |
Burbank | $1.1M | $1.1M | -1.1% |
Housing Supply in San Fernando Valley, CA
How many homes are available in San Fernando Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2,817 | 3,057 | +8.5% |
Summary: The San Fernando Valley real estate market had 3,057 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 96 | 106 | +10.4% |
2 Bedrooms | 543 | 596 | +9.8% |
3 Bedrooms | 982 | 1,011 | +3.0% |
4 Bedrooms | 660 | 693 | +5.0% |
5+ Bedrooms | 536 | 651 | +21.5% |
Summary: The San Fernando Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.4%, 2 bedroom homes increased by 9.8%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 21.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
682 | 746 | +9.4% |
Asking Price vs. Sold Price
275 Homes Were Sold
Under Asking
103 Homes Were Sold
At Asking
368 Homes Were Sold
Over Asking
Summary: A total of 746 homes were sold or pending in San Fernando Valley in March 2024, up by 9.4% month-over-month. Of the 746 sold homes, 37% were sold under asking, 14% were sold at asking, and 49% were sold over asking.
Days on Market for San Fernando Valley, CA
How long does it take to sell a home in San Fernando Valley, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
36 Days | 28 Days | -21.1% |
Summary: Homes in San Fernando Valley had an average of 28 days on market in Mar 2024, down by 21.1% compared to last year.
Breakdown of Home Sale Times
531 Homes Were Sold
Under 30 Days
153 Homes Were Sold
In 30 - 90 Days
62 Homes Were Sold
Over 90 Days
Summary: During March 2024, 746 homes were sold in San Fernando Valley; 71% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.