$8,904 Closing Credit*
$749,777
1,804 SqFt
3 Beds
•2 Full Baths
Elgin Walker, Listing Office: eXp Realty of California Inc
Is San Fernando, 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, San Fernando has remained a Seller's Market.
Key Takeaway
San Fernando is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Fernando, CA
How much do homes in San Fernando, CA cost?
Median Sold Price
$720,000
$548/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$29,000(+4.2%)
Key Takeaway
Homes in San Fernando have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in San Fernando was $720,000 in October 2024, up 4.2% from last year, and the median price per square foot was $548.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $487K | $500K | +2.7% |
| 2 Bedrooms | $580K | $575K | -0.9% |
| 3 Bedrooms | $730K | $740K | +1.4% |
| 4 Bedrooms | $698K | $785K | +12.5% |
| 5+ Bedrooms | $837.5K | $975K | +16.4% |
Summary: San Fernando housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.7%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
| San Fernando Valley | $900.5K | $968.3K | +7.5% |
| Los Angeles | $969.8K | $1.0M | +5.5% |
| San Fernando | $691K | $720K | +4.2% |
Housing Supply in San Fernando, CA
How many homes are available in San Fernando, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 21 | -36.4% |
Summary: The San Fernando real estate market had 21 homes for sale in October 2024, a 36.4% decrease 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 | 10 | 5 | -50.0% |
| 3 Bedrooms | 13 | 8 | -38.5% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The San Fernando 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 decreased by 50%, 3 bedroom homes decreased by 38.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in San Fernando, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in San Fernando in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for San Fernando, CA
How long does it take to sell a home in San Fernando, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 42 Days | +144.4% |
Summary: Homes in San Fernando had an average of 42 days on market in Oct 2024, up by 144.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in San Fernando has remained consistent over time.
Summary: During October 2024, 4 homes were sold in San Fernando; 25% of homes were sold within 30 days, 75% 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.