Is Simi Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Simi Valley has remained a Seller's Market.
Housing Prices in Simi Valley, CA
How much do homes in Simi Valley, CA cost?
Median Sold Price
$805,571
$478/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Simi Valley was $805,571 in May 2024, up 3.3% from last year, and the median price per square foot was $478.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $413.5K | $435K | +5.2% |
2 Bedrooms | $545K | $585.5K | +7.4% |
3 Bedrooms | $730K | $768K | +5.2% |
4 Bedrooms | $844K | $875K | +3.7% |
5+ Bedrooms | $1.0M | $1.1M | +8.4% |
Summary: Simi Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.2%, 2 bedroom homes increased by 7.4%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Thousand Oaks | $994.8K | $1.0M | +8.1% |
Simi Valley | $780K | $805.5K | +3.3% |
West Hills | $950.5K | $977.5K | +2.8% |
Moorpark | $850.8K | $863.3K | +1.5% |
Housing Supply in Simi Valley, CA
How many homes are available in Simi Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
278 | 301 | +8.3% |
Summary: The Simi Valley real estate market had 301 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 39 | 31 | -20.5% |
3 Bedrooms | 90 | 102 | +13.3% |
4 Bedrooms | 103 | 111 | +7.8% |
5+ Bedrooms | 40 | 49 | +22.5% |
Summary: The Simi Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 20.5%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes increased by 22.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
99 | 99 | 0.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
56 Homes Were Sold
Over Asking
Summary: A total of 99 homes were sold or pending in Simi Valley in May 2024, the same as the previous month. Of the 98 sold homes, 24% were sold under asking, 18% were sold at asking, and 57% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 27 Days | -3.0% |
Summary: Homes in Simi Valley had an average of 27 days on market in May 2024, down by 3% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 99 homes were sold in Simi Valley; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.