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 June 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
$952,222
$589/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in San Fernando Valley was $952,222 in June 2024, up 7.1% from last year, and the median price per square foot was $589.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $416K | $427.1K | +2.7% |
2 Bedrooms | $641.7K | $680K | +6.0% |
3 Bedrooms | $867.2K | $910.1K | +4.9% |
4 Bedrooms | $1.1M | $1.2M | +8.4% |
5+ Bedrooms | $1.8M | $1.9M | +3.0% |
Summary: San Fernando Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
La Crescenta | $1.1M | $1.2M | +8.3% |
San Fernando | $670K | $720K | +7.5% |
San Fernando Valley | $889.4K | $952.2K | +7.1% |
Glendale | $1.1M | $1.1M | +4.6% |
Burbank | $1.1M | $1.1M | +3.2% |
Housing Supply in San Fernando Valley, CA
How many homes are available in San Fernando Valley, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
3,569 | 3,841 | +7.6% |
Summary: The San Fernando Valley real estate market had 3,841 homes for sale in June 2024, a 7.6% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 130 | 123 | -5.4% |
2 Bedrooms | 683 | 746 | +9.2% |
3 Bedrooms | 1,213 | 1,262 | +4.0% |
4 Bedrooms | 821 | 893 | +8.8% |
5+ Bedrooms | 722 | 817 | +13.2% |
Summary: The San Fernando Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 13.2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
902 | 803 | -11.0% |
Asking Price vs. Sold Price
287 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
397 Homes Were Sold
Over Asking
Summary: A total of 803 homes were sold or pending in San Fernando Valley in June 2024, down by 11.0% month-over-month. Of the 803 sold homes, 36% were sold under asking, 15% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 24 Days | +7.3% |
Summary: Homes in San Fernando Valley had an average of 24 days on market in Jun 2024, up by 7.3% compared to last year.
Breakdown of Home Sale Times
604 Homes Were Sold
Under 30 Days
174 Homes Were Sold
In 30 - 90 Days
25 Homes Were Sold
Over 90 Days
Summary: During June 2024, 803 homes were sold in San Fernando Valley; 75% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.