$10,000 Closing Credit*
$2,500,000
9,214 SqFt
16 Beds
•14 Baths
Kenny Stevens, Listing Office: Compass
Is Reseda, 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, Reseda has remained a Seller's Market.
Key Takeaway
Reseda is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Reseda, CA
How much do homes in Reseda, CA cost?
Median Sold Price
$780,562
$546/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,562(+3.4%)
Key Takeaway
Homes in Reseda have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Reseda was $780,562 in November 2024, up 3.4% from last year, and the median price per square foot was $546.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $627.5K | $340K | -45.8% |
| 2 Bedrooms | $575K | $585K | +1.7% |
| 3 Bedrooms | $755K | $799K | +5.8% |
| 4 Bedrooms | $825K | $842K | +2.1% |
| 5+ Bedrooms | $1.1M | $1.0M | -2.3% |
Summary: Reseda housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Reseda | $755K | $780.5K | +3.4% |
| Lake Balboa | $851K | $879K | +3.3% |
Housing Supply in Reseda, CA
How many homes are available in Reseda, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 123 | 115 | -6.5% |
Summary: The Reseda real estate market had 115 homes for sale in November 2024, a 6.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 26 | 24 | -7.7% |
| 3 Bedrooms | 50 | 47 | -6.0% |
| 4 Bedrooms | 27 | 23 | -14.8% |
| 5+ Bedrooms | 19 | 20 | +5.3% |
Summary: The Reseda 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 decreased by 7.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 14.8%, and 5+ bedroom homes increased by 5.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reseda, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in Reseda in November 2024, the same as the previous month. Of the 29 sold homes, 41% were sold under asking, 10% were sold at asking, and 48% were sold over asking.
Days on Market for Reseda, CA
How long does it take to sell a home in Reseda, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 31 Days | +5.2% |
Summary: Homes in Reseda had an average of 31 days on market in Nov 2024, up by 5.2% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reseda are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Reseda; 72% of homes were sold within 30 days, 17% 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.