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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Simi Valley is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Simi Valley, CA

How much do homes in Simi Valley, CA cost?

Median Sold Price

$809,090

$464/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$26,129(+3.3%)

Key Takeaway

Homes in Simi Valley have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Simi Valley was $809,090 in March 2024, up 3.3% from last year, and the median price per square foot was $464.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $418.5K$440K
+5.1%
2 $552.5K$566K
+2.4%
3 $738.4K$769K
+4.1%
4 $850K$875K
+2.9%
5+ $1.0M$1.1M
+5.4%

Summary: Simi Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 5.4%.

Median Sold Price Compared To Nearby Cities

Thousand Oaks
+4.6%
Simi Valley
+3.3%
Moorpark
-2.2%
West Hills
-3.9%

Housing Supply in Simi Valley, CA

How many homes are available in Simi Valley, CA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
236245+3.8%

Summary: The Simi Valley real estate market had 245 homes for sale in March 2024, a 3.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 34
+33.3%
2 4236
-14.3%
3 7781
+5.2%
4 8895
+8.0%
5+ 2629
+11.5%

Summary: The Simi Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 11.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
6884+23.5%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Simi Valley, you could pay more than the asking price. 48.8% of homes here sold above asking price last month.

Summary: A total of 84 homes were sold or pending in Simi Valley in March 2024, up by 23.5% month-over-month. Of the 84 sold homes, 33% were sold under asking, 18% were sold at asking, and 49% were sold over asking.

Days on Market for Simi Valley, CA

How long does it take to sell a home in Simi Valley, CA?

Average Sale Time

Mar 2023Mar 2024CHANGE
53 Days28 Days-46.8%

Summary: Homes in Simi Valley had an average of 28 days on market in Mar 2024, down by 46.8% compared to last year.

Breakdown of Home Sale Times

55 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 84 homes were sold in Simi Valley; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% 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 24 Days Ago

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