Is Sun Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Sun Valley has remained a Seller's Market.
Housing Prices in Sun Valley, CA
How much do homes in Sun Valley, CA cost?
Median Sold Price
$765,000
$574/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sun Valley was $765,000 in March 2024, up 0.5% from last year, and the median price per square foot was $574.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $286.5K | $310K | +8.2% |
2 Bedrooms | $580K | $617.5K | +6.5% |
3 Bedrooms | $765K | $775K | +1.3% |
4 Bedrooms | $810K | $885K | +9.3% |
5+ Bedrooms | $1.0M | $1.0M | +3.2% |
Summary: Sun Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
Shadow Hills | $950K | $1.0M | +6.4% |
Pacoima | $650K | $675K | +3.8% |
Arleta | $730K | $735K | +0.7% |
Sun Valley | $761K | $765K | 0.5% |
North Hollywood | $850K | $831.5K | -2.2% |
Housing Supply in Sun Valley, CA
How many homes are available in Sun Valley, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 75 | +17.2% |
Summary: The Sun Valley real estate market had 75 homes for sale in March 2024, a 17.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 28 | 32 | +14.3% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Sun Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
15 | 16 | +6.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Sun Valley in March 2024, up by 6.7% month-over-month. Of the 16 sold homes, 31% were sold under asking, 13% were sold at asking, and 56% were sold over asking.
Days on Market for Sun Valley, CA
How long does it take to sell a home in Sun Valley, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 32 Days | -12.2% |
Summary: Homes in Sun Valley had an average of 32 days on market in Mar 2024, down by 12.2% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Sun Valley; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.