$10,000 Closing Credit*
$870,000
1,332 SqFt
3 Beds
•2 Full Baths
Roderick Kainz, Listing Office: Sync Brokerage, Inc.
Is Mission Hills, 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, Mission Hills has remained a Seller's Market.
Key Takeaway
Mission Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mission Hills, CA
How much do homes in Mission Hills, CA cost?
Median Sold Price
$820,000
$514/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$66,500(+8.8%)
Key Takeaway
Homes in Mission Hills have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Mission Hills was $820,000 in October 2024, up 8.8% from last year, and the median price per square foot was $514.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $556.2K | $542.5K | -2.5% |
| 3 Bedrooms | $751K | $820K | +9.2% |
| 4 Bedrooms | $780K | $850K | +9.0% |
| 5+ Bedrooms | $950K | $1.0M | +5.8% |
Summary: Mission Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Mission Hills | $753.5K | $820K | +8.8% |
| Pacoima | $650.5K | $700K | +7.6% |
| Arleta | $725K | $775K | +6.9% |
| Granada Hills | $935K | $998.3K | +6.8% |
| Sylmar | $735K | $760K | +3.4% |
Housing Supply in Mission Hills, CA
How many homes are available in Mission Hills, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Mission Hills real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mission Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mission Hills, you could pay more than the asking price. 87.5% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Mission Hills in October 2024, up by 60.0% month-over-month. Of the 8 sold homes, 0% were sold under asking, 13% were sold at asking, and 88% were sold over asking.
Days on Market for Mission Hills, CA
How long does it take to sell a home in Mission Hills, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 38 Days | +239.7% |
Summary: Homes in Mission Hills had an average of 38 days on market in Oct 2024, up by 239.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Mission Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Mission Hills; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.