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 November 2021

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.

How much do homes in Simi Valley, CA cost?

Median Sold Price

$793,717

$457/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$73,717(+10.2%)

Key Takeaway

Homes in Simi Valley have sold for 10.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $330K$399K
+20.9%
2 $455K$545K
+19.8%
3 $675K$750K
+11.1%
4 $779.2K$859.6K
+10.3%
5+ $950K$1.0M
+13.5%

Median Sold Price Compared To Nearby Cities

Moorpark
+12.4%
West Hills
+11.9%
Thousand Oaks
+10.9%
Simi Valley
+10.2%

How many homes are available in Simi Valley, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
316284-10.1%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 66
0.0%
2 3738
+2.7%
3 104101
-2.9%
4 11997
-18.5%
5+ 5042
-16.0%

Number of Homes Sold

Oct 2022Nov 2022%
10262-39.2%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Simi Valley, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
27 Days44 Days+58.6%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Simi Valley has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Simi Valley, CA

Simi Valley, CA has 284 homes for sale to choose from. Between October 2022 and November 2022, Simi Valley, CA real estate market has seen decrease in the number of listings by 10.1%. While the average time on the market in November 2022 was 44 days, the median list price was $793,717. This housing market listing prices have changed between October 2022 and November 2022: prices of 1 bedroom properties went up by 20.9%, prices of 2 bedrooms properties increased by 19.8%, 3 bedrooms properties became 11.1% more expensive, 4 bedrooms properties prices increased by 10.3%, 5 bedrooms properties prices increased by 13.5%. Housing inventory have changed in this real estate market: 1 bedroom homes did not move, 2 bedrooms homes inventory increased by 2.7%, 3 bedrooms homes became 2.9% less available, 4 bedrooms homes inventory decreased by 18.5%, volume of 5 bedrooms homes went down by 16%. Over 19 listings were sold over their listed price in November 2022 in Simi Valley, CA. In the same period over 35 listings were sold below the listed price and 8 listings were sold for the listed price.

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