$10,000 Closing Credit*
$1,198,000
Khajak Nazarian, Listing Office: Remax Optima
Is Crescental Highlands, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Crescental Highlands has remained a Seller's Market.
Key Takeaway
Crescental Highlands is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Crescental Highlands, CA
How much do homes in Crescental Highlands, CA cost?
Median Sold Price
$1,207,500
$816/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$85,000(+7.6%)
Key Takeaway
Homes in Crescental Highlands have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Crescental Highlands was $1,207,500 in October 2024, up 7.6% from last year, and the median price per square foot was $816.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.5K | $531K | +17.3% |
| 2 Bedrooms | $882.5K | $900K | +2.0% |
| 3 Bedrooms | $1.2M | $1.2M | +5.1% |
| 4 Bedrooms | $1.3M | $1.3M | +1.1% |
| 5+ Bedrooms | $2.2M | $1.8M | -18.4% |
Summary: Crescental Highlands housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 18.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Tujunga | $800K | $943.5K | +17.9% |
| Crescental Highlands | $1.1M | $1.2M | +7.6% |
| The Verdugos | $1.1M | $1.2M | +5.9% |
| Montrose Verdugo City | $935K | $905K | -3.2% |
Housing Supply in Crescental Highlands, CA
How many homes are available in Crescental Highlands, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Crescental Highlands real estate market had 28 homes for sale in October 2024, a 12.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Crescental Highlands housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 10 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Crescental Highlands, you could pay more than the asking price. 80% of homes here sold above asking price last month.
Summary: A total of 10 homes were sold or pending in Crescental Highlands in October 2024, up by 150.0% month-over-month. Of the 10 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Crescental Highlands, CA
How long does it take to sell a home in Crescental Highlands, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 24 Days | 18 Days | -24.9% |
Summary: Homes in Crescental Highlands had an average of 18 days on market in Oct 2024, down by 24.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Crescental Highlands are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Crescental Highlands; 90% of homes were sold within 30 days, 10% 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.