Is Simi Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$814,038
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Simi Valley was $814,038 in June 2024, up 5% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $418.5K | $435K | +3.9% |
2 Bedrooms | $547.5K | $589K | +7.6% |
3 Bedrooms | $727.3K | $771.7K | +6.1% |
4 Bedrooms | $840.7K | $875K | +4.1% |
5+ Bedrooms | $1.0M | $1.1M | +13.7% |
Summary: Simi Valley housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 13.7%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $1.0M | $1.0M | +7.4% |
Simi Valley | $775K | $814K | +5.0% |
West Hills | $950K | $980K | +3.2% |
Moorpark | $845K | $871.2K | +3.1% |
Housing Supply in Simi Valley, CA
How many homes are available in Simi Valley, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
292 | 298 | +2.1% |
Summary: The Simi Valley real estate market had 298 homes for sale in June 2024, a 2.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 31 | 26 | -16.1% |
3 Bedrooms | 94 | 98 | +4.3% |
4 Bedrooms | 109 | 116 | +6.4% |
5+ Bedrooms | 50 | 49 | -2.0% |
Summary: The Simi Valley housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 2%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
106 | 77 | -27.4% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
43 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Simi Valley in June 2024, down by 27.4% month-over-month. Of the 77 sold homes, 21% were sold under asking, 23% were sold at asking, and 56% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
27 Days | 26 Days | -5.7% |
Summary: Homes in Simi Valley had an average of 26 days on market in Jun 2024, down by 5.7% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 77 homes were sold in Simi Valley; 69% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.