Is Valley Village, 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, Valley Village has remained a Seller's Market.
Key Takeaway
Valley Village is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valley Village, CA
How much do homes in Valley Village, CA cost?
Median Sold Price
$1,333,750
$702/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Valley Village have sold for 9.8% more than they did a year ago.
Summary: The median home sold price in Valley Village was $1,333,750 in March 2024, up 9.8% from last year, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $435K | $420K | -3.4% |
| 2 Bedrooms | $705K | $720K | +2.1% |
| 3 Bedrooms | $1.3M | $1.2M | -1.7% |
| 4 Bedrooms | $1.8M | $1.9M | +5.4% |
| 5+ Bedrooms | $3.0M | $2.4M | -16.8% |
Summary: Valley Village housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.4%, 2 bedroom homes increased by 2.1%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 16.8%.
Housing Supply in Valley Village, CA
How many homes are available in Valley Village, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 46 | 49 | +6.5% |
Summary: The Valley Village real estate market had 49 homes for sale in March 2024, a 6.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 12 | 16 | +33.3% |
| 3 Bedrooms | 8 | 5 | -37.5% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Valley Village housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 17 | +6.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valley Village, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Valley Village in March 2024, up by 6.3% month-over-month. Of the 17 sold homes, 47% were sold under asking, 18% were sold at asking, and 35% were sold over asking.
Days on Market for Valley Village, CA
How long does it take to sell a home in Valley Village, CA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 71 Days | 30 Days | -57.6% |
Summary: Homes in Valley Village had an average of 30 days on market in Mar 2024, down by 57.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valley Village are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Valley Village; 71% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.