Is Santa Clarita, 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, Santa Clarita has remained a Seller's Market.
Housing Prices in Santa Clarita, CA
How much do homes in Santa Clarita, CA cost?
Median Sold Price
$775,000
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Santa Clarita was $775,000 in May 2024, up 6% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $397.5K | $392.5K | -1.3% |
2 Bedrooms | $495K | $525K | +6.1% |
3 Bedrooms | $715K | $749.8K | +4.9% |
4 Bedrooms | $827.3K | $886.2K | +7.1% |
5+ Bedrooms | $1.0M | $1.1M | +4.9% |
Summary: Santa Clarita housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.9%.
Median Sold Price Compared To Nearby Cities
Stevenson Ranch | $1.0M | $1.1M | +14.9% |
Castaic | $764K | $811.2K | +6.2% |
San Fernando Valley | $894.9K | $949.5K | +6.1% |
Santa Clarita | $730.8K | $775K | +6.0% |
Newhall | $750K | $785.3K | +4.7% |
Housing Supply in Santa Clarita, CA
How many homes are available in Santa Clarita, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
587 | 589 | 0.3% |
Summary: The Santa Clarita real estate market had 589 homes for sale in May 2024, a 0.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 16 | +60.0% |
2 Bedrooms | 118 | 129 | +9.3% |
3 Bedrooms | 213 | 210 | -1.4% |
4 Bedrooms | 181 | 168 | -7.2% |
5+ Bedrooms | 65 | 66 | +1.5% |
Summary: The Santa Clarita housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 7.2%, and 5+ bedroom homes increased by 1.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
155 | 169 | +9.0% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
91 Homes Were Sold
Over Asking
Summary: A total of 169 homes were sold or pending in Santa Clarita in May 2024, up by 9.0% month-over-month. Of the 169 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Santa Clarita, CA
How long does it take to sell a home in Santa Clarita, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 25 Days | +6.0% |
Summary: Homes in Santa Clarita had an average of 25 days on market in May 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
128 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 169 homes were sold in Santa Clarita; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.