$10,000 Closing Credit*
$899,000
1,420 SqFt
3 Beds
•2 Full Baths
Jerry Armen, Listing Office: Team Rock Properties
Is Sunland, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $445K | -22.6% |
| 2 Bedrooms | $675K | $750K | +11.1% |
| 3 Bedrooms | $815K | $917.5K | +12.6% |
| 4 Bedrooms | $1.0M | $1.0M | +1.0% |
| 5+ Bedrooms | $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 | $800K | $943.5K | +17.9% |
| Lake View Terrace | $827.5K | $959K | +15.9% |
| Shadow Hills | $973.5K | $1.0M | +8.4% |
| The San Fernando Valley | $870.2K | $937.5K | +7.7% |
| Sunland | $813.5K | $862.5K | +6.0% |
Housing Supply in Sunland, CA
How many homes are available in Sunland, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 36 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 1 | 1 | 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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 26 Days | 22 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
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.
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.