Is The Verdugos, 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, The Verdugos has remained a Seller's Market.
Housing Prices in The Verdugos, CA
How much do homes in The Verdugos, CA cost?
Median Sold Price
$1,228,183
$756/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Verdugos was $1,228,183 in April 2024, up 4.1% from last year, and the median price per square foot was $756.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $550K | $559K | +1.6% |
2 Bedrooms | $829K | $880.1K | +6.2% |
3 Bedrooms | $1.2M | $1.2M | +2.4% |
4 Bedrooms | $1.6M | $1.7M | +6.2% |
5+ Bedrooms | $2.3M | $2.5M | +7.1% |
Summary: The Verdugos housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Neighborhoods
Chevy Chase | $1.3M | $1.7M | +27.7% |
The Verdugos | $1.1M | $1.2M | +4.1% |
Eagle Rock | $1.3M | $1.2M | -4.1% |
Housing Supply in The Verdugos, CA
How many homes are available in The Verdugos, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
768 | 847 | +10.3% |
Summary: The The Verdugos real estate market had 847 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 45 | 52 | +15.6% |
2 Bedrooms | 230 | 242 | +5.2% |
3 Bedrooms | 273 | 293 | +7.3% |
4 Bedrooms | 134 | 158 | +17.9% |
5+ Bedrooms | 86 | 102 | +18.6% |
Summary: The The Verdugos housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.6%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 7.3%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 18.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
199 | 249 | +25.1% |
Asking Price vs. Sold Price
65 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
152 Homes Were Sold
Over Asking
Summary: A total of 249 homes were sold or pending in The Verdugos in April 2024, up by 25.1% month-over-month. Of the 249 sold homes, 26% were sold under asking, 13% were sold at asking, and 61% were sold over asking.
Days on Market for The Verdugos, CA
How long does it take to sell a home in The Verdugos, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 27 Days | -27.6% |
Summary: Homes in The Verdugos had an average of 27 days on market in Apr 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
190 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 249 homes were sold in The Verdugos; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.