Is Pacoima, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Pacoima is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Pacoima has remained a Seller's Market.

Key Takeaway

Pacoima is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Pacoima, CA

How much do homes in Pacoima, CA cost?

Median Sold Price

$700,000

$540/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,500(+7.6%)

Key Takeaway

Homes in Pacoima have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in Pacoima was $700,000 in October 2024, up 7.6% from last year, and the median price per square foot was $540.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $327K$450K
+37.6%
2 $486K$547.5K
+12.7%
3 $659.9K$710K
+7.6%
4 $675K$753K
+11.6%
5+ $850K$805K
-5.3%

Summary: Pacoima housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.6%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Neighborhoods

Lake View Terrace
+15.9%
Sun Valley
+11.9%
Shadow Hills
+8.4%
Pacoima
+7.6%
Sylmar
+3.4%

Housing Supply in Pacoima, CA

How many homes are available in Pacoima, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6162+1.6%

Summary: The Pacoima real estate market had 62 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 1616
0.0%
3 2019
-5.0%
4 1617
+6.3%
5+ 78
+14.3%

Summary: The Pacoima 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 remained the same, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1312-7.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Pacoima, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Pacoima in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Pacoima, CA

How long does it take to sell a home in Pacoima, CA?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days31 Days+26.0%

Summary: Homes in Pacoima had an average of 31 days on market in Oct 2024, up by 26% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Pacoima are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 12 homes were sold in Pacoima; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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