Is Simi Valley, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Simi Valley is a 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

# BEDSSep 2023Sep 2024CHANGE
1 $447.5K$418K
-6.6%
2 $546.2K$602.5K
+10.3%
3 $735K$780K
+6.1%
4 $849K$893.3K
+5.2%
5+ $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
+15.5%
Thousand Oaks
+6.5%
West Hills
+4.7%
Simi Valley
+4.3%

Housing Supply in Simi Valley, CA

How many homes are available in Simi Valley, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
317333+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

# BEDSAug 2024Sep 2024CHANGE
1 86
-25.0%
2 3541
+17.1%
3 99109
+10.1%
4 130130
0.0%
5+ 4547
+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 2024Sep 2024CHANGE
8580-5.9%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2023Sep 2024CHANGE
30 Days36 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

Breakdown of Home Sale Times

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.

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

Report Updated 29 Days Ago

Newest Listings in Simi Valley, CA

Nearby Markets to Simi Valley, CA

What housing markets are near Simi Valley, CA?