Is Saugus, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saugus is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Saugus has remained a Seller's Market.

Key Takeaway

Saugus is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Saugus, CA

How much do homes in Saugus, CA cost?

Median Sold Price

$790,000

$469/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$25,000(+3.3%)

Key Takeaway

Homes in Saugus have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Saugus was $790,000 in November 2024, up 3.3% from last year, and the median price per square foot was $469.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $340K$374.9K
+10.3%
2 $525.1K$436.5K
-16.9%
3 $707.5K$776.5K
+9.8%
4 $830K$835.5K
+0.7%
5+ $1.1M$1.1M
+1.9%

Summary: Saugus housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.3%, 2 bedroom homes decreased by 16.9%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 0.7%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Neighborhoods

Canyon Country
+9.1%
Valencia North
+8.9%
Northbridge
+5.1%
Valencia
+4.6%
Saugus
+3.3%

Housing Supply in Saugus, CA

How many homes are available in Saugus, CA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8788+1.1%

Summary: The Saugus real estate market had 88 homes for sale in November 2024, a 1.1% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 1010
0.0%
3 3133
+6.5%
4 3635
-2.8%
5+ 99
0.0%

Summary: The Saugus 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 increased by 6.5%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saugus, you may be able to get a good deal. 43.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Saugus in November 2024, up by 9.5% month-over-month. Of the 23 sold homes, 43% were sold under asking, 30% were sold at asking, and 26% were sold over asking.

Days on Market for Saugus, CA

How long does it take to sell a home in Saugus, CA?

Average Sale Time

Nov 2023Nov 2024CHANGE
22 Days22 Days+3.2%

Summary: Homes in Saugus had an average of 22 days on market in Nov 2024, up by 3.2% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Saugus are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 23 homes were sold in Saugus; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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