$10,000 Closing Credit*
$1,699,999
3,102 SqFt
5 Beds
•3 Full Baths, 1 Partial
Mike Lefton, Listing Office: RE/MAX ONE
Is Simi Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Simi Valley has remained a Seller's Market.
Key Takeaway
Simi Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Simi Valley, CA
How much do homes in Simi Valley, CA cost?
Median Sold Price
$820,000
$492/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$34,101(+4.3%)
Key Takeaway
Homes in Simi Valley have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Simi Valley was $820,000 in September 2024, up 4.3% from last year, and the median price per square foot was $492.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $447.5K | $418K | -6.6% |
| 2 Bedrooms | $546.2K | $602.5K | +10.3% |
| 3 Bedrooms | $735K | $780K | +6.1% |
| 4 Bedrooms | $849K | $893.3K | +5.2% |
| 5+ Bedrooms | $1.1M | $1.1M | +4.2% |
Summary: Simi Valley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.6%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
| Moorpark | $805K | $930K | +15.5% |
| Thousand Oaks | $1.0M | $1.0M | +6.5% |
| West Hills | $949.9K | $994.7K | +4.7% |
| Simi Valley | $785.8K | $820K | +4.3% |
Housing Supply in Simi Valley, CA
How many homes are available in Simi Valley, CA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 317 | 333 | +5.0% |
Summary: The Simi Valley real estate market had 333 homes for sale in September 2024, a 5.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 35 | 41 | +17.1% |
| 3 Bedrooms | 99 | 109 | +10.1% |
| 4 Bedrooms | 130 | 130 | 0.0% |
| 5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Simi Valley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 10.1%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 85 | 80 | -5.9% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Simi Valley, you could pay more than the asking price. 41.8% of homes here sold above asking price last month.
Summary: A total of 80 homes were sold or pending in Simi Valley in September 2024, down by 5.9% month-over-month. Of the 79 sold homes, 39% were sold under asking, 19% were sold at asking, and 42% were sold over asking.
Days on Market for Simi Valley, CA
How long does it take to sell a home in Simi Valley, CA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 36 Days | +19.3% |
Summary: Homes in Simi Valley had an average of 36 days on market in Sep 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Simi Valley are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 80 homes were sold in Simi Valley; 50% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 4% 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. 
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