Is Valencia, 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, Valencia has remained a Seller's Market.
Housing Prices in Valencia, CA
How much do homes in Valencia, CA cost?
Median Sold Price
$774,390
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Valencia was $774,390 in March 2024, up 0.6% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420K | $413K | -1.7% |
2 Bedrooms | $575K | $590K | +2.6% |
3 Bedrooms | $760K | $775K | +2.0% |
4 Bedrooms | $880K | $900K | +2.3% |
5+ Bedrooms | $1.1M | $1.0M | -8.2% |
Summary: Valencia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.7%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 8.2%.
Median Sold Price Compared To Nearby Neighborhoods
Copperhill | $736.5K | $765K | +3.9% |
Valencia | $769.6K | $774.3K | +0.6% |
Valencia North | $768.7K | $765K | -0.5% |
Creekside | $758.5K | $699.9K | -7.7% |
Northbridge | $883.5K | $805K | -8.9% |
Housing Supply in Valencia, CA
How many homes are available in Valencia, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
134 | 154 | +14.9% |
Summary: The Valencia real estate market had 154 homes for sale in March 2024, a 14.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 32 | 42 | +31.3% |
3 Bedrooms | 53 | 55 | +3.8% |
4 Bedrooms | 32 | 36 | +12.5% |
5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Valencia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 48 | +29.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Valencia in March 2024, up by 29.7% month-over-month. Of the 48 sold homes, 10% were sold under asking, 17% were sold at asking, and 73% were sold over asking.
Days on Market for Valencia, CA
How long does it take to sell a home in Valencia, CA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
35 Days | 8 Days | -75.3% |
Summary: Homes in Valencia had an average of 8 days on market in Mar 2024, down by 75.3% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 48 homes were sold in Valencia; 96% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.