$10,000 Closing Credit*
$1,150,000
1,658 SqFt
4 Beds
•2 Full Baths
Ana Meza, Listing Office: Coldwell Banker Home Source
Is Sun Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Sun Valley was a Seller's Market.
Key Takeaway
Sun Valley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Sun Valley, CA
How much do homes in Sun Valley, CA cost?
Median Sold Price
$825,000
$581/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$88,000(+11.9%)
Key Takeaway
Homes in Sun Valley have sold for 11.9% more than they did a year ago.
Summary: The median home sold price in Sun Valley was $825,000 in October 2024, up 11.9% from last year, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $263.5K | $330K | +25.2% |
| 2 Bedrooms | $550K | $702.5K | +27.7% |
| 3 Bedrooms | $750K | $809K | +7.9% |
| 4 Bedrooms | $810K | $950K | +17.3% |
| 5+ Bedrooms | $922.5K | $1.1M | +19.8% |
Summary: Sun Valley housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 27.7%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Sun Valley | $737K | $825K | +11.9% |
| Shadow Hills | $973.5K | $1.0M | +8.4% |
| Pacoima | $650.5K | $700K | +7.6% |
| Arleta | $725K | $775K | +6.9% |
| North Hollywood | $820K | $868.3K | +5.9% |
Housing Supply in Sun Valley, CA
How many homes are available in Sun Valley, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 93 | 100 | +7.5% |
Summary: The Sun Valley real estate market had 100 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 16 | 19 | +18.8% |
| 3 Bedrooms | 33 | 37 | +12.1% |
| 4 Bedrooms | 24 | 22 | -8.3% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Sun Valley housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sun Valley, you could pay more than the asking price. 62.5% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Sun Valley in October 2024, down by 5.9% month-over-month. Of the 16 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Sun Valley, CA
How long does it take to sell a home in Sun Valley, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 26 Days | -26.9% |
Summary: Homes in Sun Valley had an average of 26 days on market in Oct 2024, down by 26.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sun Valley are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Sun Valley; 75% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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.