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 May 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
$949,576
$584/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Fernando Valley was $949,576 in May 2024, up 6.1% from last year, and the median price per square foot was $584.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $430K | +3.6% |
2 Bedrooms | $644.5K | $677.6K | +5.1% |
3 Bedrooms | $874.4K | $905.9K | +3.6% |
4 Bedrooms | $1.1M | $1.1M | +6.0% |
5+ Bedrooms | $1.8M | $1.9M | +4.3% |
Summary: San Fernando Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 5.1%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
San Fernando | $675K | $717.5K | +6.3% |
San Fernando Valley | $894.9K | $949.5K | +6.1% |
La Crescenta | $1.1M | $1.2M | +5.9% |
Burbank | $1.1M | $1.1M | +4.5% |
Glendale | $1.1M | $1.1M | +4.0% |
Housing Supply in San Fernando Valley, CA
How many homes are available in San Fernando Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3,310 | 3,709 | +12.1% |
Summary: The San Fernando Valley real estate market had 3,709 homes for sale in May 2024, a 12.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 127 | 138 | +8.7% |
2 Bedrooms | 623 | 705 | +13.2% |
3 Bedrooms | 1,112 | 1,220 | +9.7% |
4 Bedrooms | 776 | 854 | +10.1% |
5+ Bedrooms | 672 | 792 | +17.9% |
Summary: The San Fernando Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 17.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
854 | 869 | +1.8% |
Asking Price vs. Sold Price
272 Homes Were Sold
Under Asking
106 Homes Were Sold
At Asking
491 Homes Were Sold
Over Asking
Summary: A total of 869 homes were sold or pending in San Fernando Valley in May 2024, up by 1.8% month-over-month. Of the 869 sold homes, 31% were sold under asking, 12% were sold at asking, and 57% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 23 Days | -19.9% |
Summary: Homes in San Fernando Valley had an average of 23 days on market in May 2024, down by 19.9% compared to last year.
Breakdown of Home Sale Times
672 Homes Were Sold
Under 30 Days
165 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During May 2024, 869 homes were sold in San Fernando Valley; 77% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.