Is San Fernando Valley, 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, San Fernando Valley has remained a Seller's Market.
Housing Prices in San Fernando Valley, CA
How much do homes in San Fernando Valley, CA cost?
Median Sold Price
$938,972
$580/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in San Fernando Valley was $938,972 in April 2024, up 4.2% from last year, and the median price per square foot was $580.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $413.8K | $429.7K | +3.8% |
2 Bedrooms | $650K | $670K | +3.1% |
3 Bedrooms | $879.5K | $900K | +2.3% |
4 Bedrooms | $1.1M | $1.1M | +3.8% |
5+ Bedrooms | $1.9M | $1.9M | +1.9% |
Summary: San Fernando Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
San Fernando Valley | $901.1K | $938.9K | +4.2% |
La Crescenta | $1.2M | $1.2M | +4.2% |
Glendale | $1.1M | $1.1M | +2.2% |
Burbank | $1.1M | $1.1M | -0.3% |
Housing Supply in San Fernando Valley, CA
How many homes are available in San Fernando Valley, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2,971 | 3,381 | +13.8% |
Summary: The San Fernando Valley real estate market had 3,381 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 102 | 130 | +27.5% |
2 Bedrooms | 589 | 634 | +7.6% |
3 Bedrooms | 1,001 | 1,086 | +8.5% |
4 Bedrooms | 696 | 814 | +17.0% |
5+ Bedrooms | 583 | 717 | +23.0% |
Summary: The San Fernando Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 27.5%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 23%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
774 | 836 | +8.0% |
Asking Price vs. Sold Price
290 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
427 Homes Were Sold
Over Asking
Summary: A total of 836 homes were sold or pending in San Fernando Valley in April 2024, up by 8.0% month-over-month. Of the 836 sold homes, 35% were sold under asking, 14% were sold at asking, and 51% were sold over asking.
Days on Market for San Fernando Valley, CA
How long does it take to sell a home in San Fernando Valley, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 26 Days | -24.3% |
Summary: Homes in San Fernando Valley had an average of 26 days on market in Apr 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
601 Homes Were Sold
Under 30 Days
178 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Summary: During April 2024, 836 homes were sold in San Fernando Valley; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.