Is Shadow Hills, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Shadow Hills was a Seller's Market.
Housing Prices in Shadow Hills, CA
How much do homes in Shadow Hills, CA cost?
Median Sold Price
$1,011,000
$588/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Shadow Hills was $1,011,000 in March 2024, up 6.4% from last year, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $840K | +52.7% |
2 Bedrooms | $742K | $795K | +7.1% |
3 Bedrooms | $972K | $970K | -0.2% |
4 Bedrooms | $1.2M | $1.3M | +13.4% |
5+ Bedrooms | $1.9M | $1.5M | -22.1% |
Summary: Shadow Hills housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 52.7%, 2 bedroom homes increased by 7.1%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Neighborhoods
Lake View Terrace | $780K | $862K | +10.5% |
Shadow Hills | $950K | $1.0M | +6.4% |
Crescental Highlands | $1.1M | $1.1M | +5.4% |
Sunland | $801K | $832K | +3.9% |
Tujunga | $835K | $850K | +1.8% |
Housing Supply in Shadow Hills, CA
How many homes are available in Shadow Hills, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 44 | +22.2% |
Summary: The Shadow Hills real estate market had 44 homes for sale in March 2024, a 22.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 21 | 24 | +14.3% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Shadow Hills housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Shadow Hills in March 2024, up by 16.7% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Shadow Hills, CA
How long does it take to sell a home in Shadow Hills, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
24 Days | 13 Days | -46.0% |
Summary: Homes in Shadow Hills had an average of 13 days on market in Mar 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 7 homes were sold in Shadow Hills; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.