Is Reseda, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Reseda has remained a Seller's Market.
Key Takeaway
Reseda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reseda, CA
How much do homes in Reseda, CA cost?
Median Sold Price
$794,666
$544/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Reseda have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Reseda was $794,666 in May 2024, up 7.7% from last year, and the median price per square foot was $544.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $363K | $341.5K | -5.9% |
| 2 Bedrooms | $530K | $585K | +10.4% |
| 3 Bedrooms | $740K | $785K | +6.1% |
| 4 Bedrooms | $827.5K | $847.4K | +2.4% |
| 5+ Bedrooms | $1.1M | $1.1M | 0.0% |
Summary: Reseda housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.9%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Reseda | $737.7K | $794.6K | +7.7% |
| Lake Balboa | $839.8K | $877K | +4.4% |
Housing Supply in Reseda, CA
How many homes are available in Reseda, CA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 105 | 106 | +1.0% |
Summary: The Reseda real estate market had 106 homes for sale in May 2024, a 1.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 19 | 17 | -10.5% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 23 | 25 | +8.7% |
| 5+ Bedrooms | 16 | 19 | +18.8% |
Summary: The Reseda housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.5%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 18.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 27 | -6.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reseda, you could pay more than the asking price. 59.3% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Reseda in May 2024, down by 6.9% month-over-month. Of the 27 sold homes, 33% were sold under asking, 7% were sold at asking, and 59% were sold over asking.
Days on Market for Reseda, CA
How long does it take to sell a home in Reseda, CA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 17 Days | -38.2% |
Summary: Homes in Reseda had an average of 17 days on market in May 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reseda are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 27 homes were sold in Reseda; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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.