$10,000 Closing Credit*
$949,000
1,446 SqFt
3 Beds
•2 Full Baths
Collin St Johns, Listing Office: Pinnacle Estate Properties - N
Is Porter Ranch, 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, Porter Ranch has remained a Seller's Market.
Key Takeaway
Porter Ranch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Porter Ranch, CA
How much do homes in Porter Ranch, CA cost?
Median Sold Price
$1,185,000
$530/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$72,500(+6.5%)
Key Takeaway
Homes in Porter Ranch have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Porter Ranch was $1,185,000 in October 2024, up 6.5% from last year, and the median price per square foot was $530.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $840K | $812.4K | -3.3% |
| 3 Bedrooms | $900K | $1.0M | +11.1% |
| 4 Bedrooms | $1.1M | $1.2M | +4.3% |
| 5+ Bedrooms | $1.2M | $1.3M | +1.9% |
Summary: Porter Ranch 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 3.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Northridge | $940K | $1.1M | +17.0% |
| Chatsworth | $931K | $1.0M | +16.5% |
| The San Fernando Valley | $870.2K | $937.5K | +7.7% |
| Granada Hills | $935K | $998.3K | +6.8% |
| Porter Ranch | $1.1M | $1.1M | +6.5% |
Housing Supply in Porter Ranch, CA
How many homes are available in Porter Ranch, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 71 | 82 | +15.5% |
Summary: The Porter Ranch real estate market had 82 homes for sale in October 2024, a 15.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 18 | 21 | +16.7% |
| 4 Bedrooms | 36 | 39 | +8.3% |
| 5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Porter Ranch 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 increased by 16.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 27 | +125.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Porter Ranch, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in Porter Ranch in October 2024, up by 125.0% month-over-month. Of the 27 sold homes, 44% were sold under asking, 7% were sold at asking, and 48% were sold over asking.
Days on Market for Porter Ranch, CA
How long does it take to sell a home in Porter Ranch, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 22 Days | +57.9% |
Summary: Homes in Porter Ranch had an average of 22 days on market in Oct 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Porter Ranch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in Porter Ranch; 70% of homes were sold within 30 days, 30% 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.