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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing San Fernando Valley is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, San Fernando Valley has remained a Seller's Market.

Key Takeaway

San Fernando Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in San Fernando Valley, CA cost?

Median Sold Price

$911,085

$569/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$89,571(+10.9%)

Key Takeaway

Homes in San Fernando Valley have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $373.3K$410K
+9.8%
2 $580.2K$646.7K
+11.5%
3 $801.2K$893K
+11.5%
4 $996K$1.1M
+15.5%
5+ $1.7M$1.8M
+6.2%

Median Sold Price Compared To Nearby Cities

San Fernando
+18.2%
La Crescenta
+17.0%
Burbank
+16.5%
Glendale
+12.6%
San Fernando Valley
+10.9%

How many homes are available in San Fernando Valley, CA?

Number of Homes For Sale

Jul 2022Aug 2022%
3,8064,121+8.3%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 109105
-3.7%
2 758798
+5.3%
3 1,4771,579
+6.9%
4 9231,017
+10.2%
5+ 539622
+15.4%

Number of Homes Sold

Jul 2022Aug 2022%
884971+9.8%

Asking Price vs. Sold Price

387 Homes Were Sold
Under Asking

141 Homes Were Sold
At Asking

443 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in San Fernando Valley, you could pay more than the asking price. 45.6% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
18 Days23 Days+25.0%

Breakdown of Home Sale Times

695 Homes Were Sold
Under 30 Days

256 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About San Fernando Valley, CA

San Fernando Valley, CA has 4,121 homes on the market. In August 2022 in San Fernando Valley, CA there were 8.3% more homes for sale than in July 2022. Listings spent 23 days on the market in August 2022, and had a median list price of $911,085 during the same period. From July 2022 through August 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 9.8%, 2 bedrooms properties became 11.5% more expensive, the cost of 3 bedrooms properties went up by 11.5%, the cost of 4 bedrooms properties went up by 15.5%, prices of 5 bedrooms properties increased by 6.2%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 3.7%, 2 bedrooms homes inventory increased by 5.3%, 3 bedrooms homes inventory increased by 6.9%, volume of 4 bedrooms homes went up by 10.2%, number of 5 bedrooms homes increased by 15.4%. Over 443 listings were sold over their listed price in August 2022 in San Fernando Valley, CA. In the same period over 387 listings were sold below the listed price and 141 listings were sold for the listed price.

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