$10,000 Closing Credit*
$985,000
2,140 SqFt
3 Baths
Gabriel Jones, Listing Office: Keller Williams Realty Calabasas
Is San Fernando Valley, 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, San Fernando Valley has remained a Seller's Market.
Key Takeaway
San Fernando Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in San Fernando Valley, CA
How much do homes in San Fernando Valley, CA cost?
Median Sold Price
$965,208
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$57,249(+6.3%)
Key Takeaway
Homes in San Fernando Valley have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in San Fernando Valley was $965,208 in November 2024, up 6.3% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $422.5K | $435K | +3.0% |
| 2 Bedrooms | $650K | $695K | +6.9% |
| 3 Bedrooms | $879.7K | $929.5K | +5.7% |
| 4 Bedrooms | $1.1M | $1.2M | +5.8% |
| 5+ Bedrooms | $1.9M | $1.9M | 0.3% |
Summary: San Fernando Valley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 0.3%.
Median Sold Price Compared To Nearby Cities
| San Fernando Valley | $907.9K | $965.2K | +6.3% |
| La Crescenta | $1.2M | $1.2M | +6.0% |
| Burbank | $1.1M | $1.1M | +4.4% |
| San Fernando | $699K | $717.5K | +2.6% |
| Glendale | $1.1M | $1.1M | +0.9% |
Housing Supply in San Fernando Valley, CA
How many homes are available in San Fernando Valley, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,912 | 3,776 | -3.5% |
Summary: The San Fernando Valley real estate market had 3,776 homes for sale in November 2024, a 3.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 122 | 123 | +0.8% |
| 2 Bedrooms | 805 | 781 | -3.0% |
| 3 Bedrooms | 1,279 | 1,216 | -4.9% |
| 4 Bedrooms | 945 | 882 | -6.7% |
| 5+ Bedrooms | 761 | 774 | +1.7% |
Summary: The San Fernando Valley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 0.8%, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 1.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 837 | 716 | -14.5% |
Asking Price vs. Sold Price
312 Homes Were Sold
Under Asking
109 Homes Were Sold
At Asking
295 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in San Fernando Valley, you may be able to get a good deal. 43.6% of homes here sold below asking price last month.
Summary: A total of 716 homes were sold or pending in San Fernando Valley in November 2024, down by 14.5% month-over-month. Of the 716 sold homes, 44% were sold under asking, 15% were sold at asking, and 41% were sold over asking.
Days on Market for San Fernando Valley, CA
How long does it take to sell a home in San Fernando Valley, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 31 Days | +25.7% |
Summary: Homes in San Fernando Valley had an average of 31 days on market in Nov 2024, up by 25.7% compared to last year.
Breakdown of Home Sale Times
461 Homes Were Sold
Under 30 Days
207 Homes Were Sold
In 30 - 90 Days
48 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in San Fernando Valley are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 716 homes were sold in San Fernando Valley; 64% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 7% 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.