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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sunland is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sunland, CA

How much do homes in Sunland, CA cost?

Median Sold Price

$862,500

$615/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,000(+6.0%)

Key Takeaway

Homes in Sunland have sold for 6% more than they did a year ago.

Summary: The median home sold price in Sunland was $862,500 in October 2024, up 6% from last year, and the median price per square foot was $615.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $575K$445K
-22.6%
2 $675K$750K
+11.1%
3 $815K$917.5K
+12.6%
4 $1.0M$1.0M
+1.0%
5+ $1.2M$1.1M
-7.6%

Summary: Sunland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 7.6%.

Median Sold Price Compared To Nearby Neighborhoods

Tujunga
+17.9%
Lake View Terrace
+15.9%
Shadow Hills
+8.4%
The San Fernando Valley
+7.7%
Sunland
+6.0%

Housing Supply in Sunland, CA

How many homes are available in Sunland, CA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3236+12.5%

Summary: The Sunland real estate market had 36 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 99
0.0%
3 1518
+20.0%
4 67
+16.7%
5+ 11
0.0%

Summary: The Sunland 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
711+57.1%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sunland, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Sunland in October 2024, up by 57.1% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.

Days on Market for Sunland, CA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days22 Days-15.4%

Summary: Homes in Sunland had an average of 22 days on market in Oct 2024, down by 15.4% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 11 homes were sold in Sunland; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% 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 4 Days Ago

Newest Listings in Sunland, CA

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