Is Simi Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$807,887
$472/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Simi Valley was $807,887 in April 2024, up 4.1% from last year, and the median price per square foot was $472.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $413.5K | $437.5K | +5.8% |
2 Bedrooms | $546.2K | $585K | +7.1% |
3 Bedrooms | $730K | $769.7K | +5.4% |
4 Bedrooms | $846.4K | $875K | +3.4% |
5+ Bedrooms | $1.0M | $1.1M | +10.7% |
Summary: Simi Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 10.7%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $999.9K | $1.0M | +7.5% |
Simi Valley | $776K | $807.8K | +4.1% |
Moorpark | $857.2K | $853.3K | -0.5% |
West Hills | $990K | $965K | -2.5% |
Housing Supply in Simi Valley, CA
How many homes are available in Simi Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
259 | 271 | +4.6% |
Summary: The Simi Valley real estate market had 271 homes for sale in April 2024, a 4.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 37 | 38 | +2.7% |
3 Bedrooms | 92 | 88 | -4.3% |
4 Bedrooms | 93 | 99 | +6.5% |
5+ Bedrooms | 33 | 40 | +21.2% |
Summary: The Simi Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 21.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
85 | 95 | +11.8% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in Simi Valley in April 2024, up by 11.8% month-over-month. Of the 95 sold homes, 24% were sold under asking, 17% were sold at asking, and 59% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 27 Days | -20.7% |
Summary: Homes in Simi Valley had an average of 27 days on market in Apr 2024, down by 20.7% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 95 homes were sold in Simi Valley; 62% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.