$10,000 Closing Credit*
$1,399,000
2,174 SqFt
4 Beds
•3 Full Baths
Sahar Khedher, Listing Office: Keller Williams VIP Properties
Is Porter Ranch, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,200,000
$531/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$125,000(+11.6%)
Key Takeaway
Homes in Porter Ranch have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Porter Ranch was $1,200,000 in November 2024, up 11.6% from last year, and the median price per square foot was $531.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $742.5K | $830K | +11.8% |
| 3 Bedrooms | $900K | $1.0M | +14.4% |
| 4 Bedrooms | $1.1M | $1.2M | +5.7% |
| 5+ Bedrooms | $1.2M | $1.3M | +5.3% |
Summary: Porter Ranch housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Chatsworth | $945.2K | $1.0M | +15.9% |
| Northridge | $951.8K | $1.0M | +11.7% |
| Porter Ranch | $1.0M | $1.2M | +11.6% |
| Granada Hills | $932K | $1.0M | +7.3% |
| The San Fernando Valley | $877K | $935.4K | +6.7% |
Housing Supply in Porter Ranch, CA
How many homes are available in Porter Ranch, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 79 | 69 | -12.7% |
Summary: The Porter Ranch real estate market had 69 homes for sale in November 2024, a 12.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 40 | 34 | -15.0% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Porter Ranch housing inventory by bedroom type for November 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 15%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 20 | -28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Porter Ranch, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Porter Ranch in November 2024, down by 28.6% month-over-month. Of the 20 sold homes, 45% were sold under asking, 15% were sold at asking, and 40% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 18 Days | 27 Days | +49.7% |
Summary: Homes in Porter Ranch had an average of 27 days on market in Nov 2024, up by 49.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 20 homes were sold in Porter Ranch; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.