Is Simi Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Simi Valley has remained a Seller's Market.
Housing Prices in Simi Valley, CA
How much do homes in Simi Valley, CA cost?
Median Sold Price
$802,625
$459/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Simi Valley was $802,625 in February 2024, up 2.8% from last year, and the median price per square foot was $459.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $417K | $440K | +5.5% |
2 Bedrooms | $555K | $565K | +1.8% |
3 Bedrooms | $740.6K | $761.6K | +2.8% |
4 Bedrooms | $857K | $866.2K | +1.1% |
5+ Bedrooms | $1.0M | $1.1M | +3.9% |
Summary: Simi Valley housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $1.0M | $1.0M | +4.0% |
Simi Valley | $780.4K | $802.6K | +2.8% |
Moorpark | $882.8K | $860.4K | -2.5% |
West Hills | $1.0M | $950.6K | -5.5% |
Housing Supply in Simi Valley, CA
How many homes are available in Simi Valley, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
189 | 232 | +22.8% |
Summary: The Simi Valley real estate market had 232 homes for sale in February 2024, a 22.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 32 | 43 | +34.4% |
3 Bedrooms | 56 | 73 | +30.4% |
4 Bedrooms | 74 | 85 | +14.9% |
5+ Bedrooms | 25 | 28 | +12.0% |
Summary: The Simi Valley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 34.4%, 3 bedroom homes increased by 30.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 12%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
36 | 64 | +77.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Simi Valley in February 2024, up by 77.8% month-over-month. Of the 64 sold homes, 27% were sold under asking, 22% were sold at asking, and 52% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
53 Days | 38 Days | -28.7% |
Summary: Homes in Simi Valley had an average of 38 days on market in Feb 2024, down by 28.7% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During February 2024, 64 homes were sold in Simi Valley; 55% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.