Is Castaic, 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, Castaic has remained a Seller's Market.
Housing Prices in Castaic, CA
How much do homes in Castaic, CA cost?
Median Sold Price
$811,250
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Castaic was $811,250 in May 2024, up 6.2% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $592.5K | N/A |
2 Bedrooms | $475K | $436K | -8.2% |
3 Bedrooms | $709K | $722.5K | +1.9% |
4 Bedrooms | $820K | $850K | +3.7% |
5+ Bedrooms | $900K | $957.4K | +6.4% |
Summary: Castaic housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.2%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Stevenson Ranch | $1.0M | $1.1M | +14.9% |
Castaic | $764K | $811.2K | +6.2% |
Santa Clarita | $730.8K | $775K | +6.0% |
Newhall | $750K | $785.3K | +4.7% |
Lake Hughes | $395K | $410K | +3.8% |
Housing Supply in Castaic, CA
How many homes are available in Castaic, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
94 | 79 | -16.0% |
Summary: The Castaic real estate market had 79 homes for sale in May 2024, a 16.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 38 | 31 | -18.4% |
4 Bedrooms | 28 | 25 | -10.7% |
5+ Bedrooms | 24 | 18 | -25.0% |
Summary: The Castaic housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 18.4%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Castaic in May 2024, up by 8.0% month-over-month. Of the 27 sold homes, 19% were sold under asking, 19% were sold at asking, and 63% were sold over asking.
Days on Market for Castaic, CA
How long does it take to sell a home in Castaic, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
42 Days | 19 Days | -54.8% |
Summary: Homes in Castaic had an average of 19 days on market in May 2024, down by 54.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Castaic; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.