Is Santa Clarita, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Santa Clarita is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Santa Clarita has remained a Seller's Market.

Key Takeaway

Santa Clarita is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Santa Clarita, CA

How much do homes in Santa Clarita, CA cost?

Median Sold Price

$760,000

$442/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,653(+2.1%)

Key Takeaway

Homes in Santa Clarita have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Santa Clarita was $760,000 in February 2024, up 2.1% from last year, and the median price per square foot was $442.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $400K$400K
0.0%
2 $499.9K$525K
+5.0%
3 $725.2K$728.6K
0.5%
4 $840K$869.3K
+3.5%
5+ $1.0M$1.1M
+2.6%

Summary: Santa Clarita housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Cities

Stevenson Ranch
+7.0%
Santa Clarita
+2.1%
Castaic
+0.8%
San Fernando Valley
0.5%
Newhall
-0.1%

Housing Supply in Santa Clarita, CA

How many homes are available in Santa Clarita, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
379430+13.5%

Summary: The Santa Clarita real estate market had 430 homes for sale in February 2024, a 13.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 1312
-7.7%
2 8588
+3.5%
3 147170
+15.6%
4 91115
+26.4%
5+ 4345
+4.7%

Summary: The Santa Clarita housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 4.7%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
94940.0%

Asking Price vs. Sold Price

36 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Santa Clarita, you could pay more than the asking price. 39.4% of homes here sold above asking price last month.

Summary: A total of 94 homes were sold or pending in Santa Clarita in February 2024, the same as the previous month. Of the 94 sold homes, 38% were sold under asking, 22% were sold at asking, and 39% were sold over asking.

Days on Market for Santa Clarita, CA

How long does it take to sell a home in Santa Clarita, CA?

Average Sale Time

Feb 2023Feb 2024CHANGE
52 Days29 Days-43.8%

Summary: Homes in Santa Clarita had an average of 29 days on market in Feb 2024, down by 43.8% compared to last year.

Breakdown of Home Sale Times

62 Homes Were Sold
Under 30 Days

27 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 94 homes were sold in Santa Clarita; 66% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% 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 28 Days Ago

Newest Listings in Santa Clarita, CA

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