$10,000 Closing Credit*
$1,930,000
2,753 SqFt
4 Beds
•4 Full Baths
Zhimin Zhang, Listing Office: Harvest Realty Development
Is Toluca Lake, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Toluca Lake was a Neutral Market.
Key Takeaway
Toluca Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Toluca Lake, CA
How much do homes in Toluca Lake, CA cost?
Median Sold Price
$1,040,000
$636/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$10,000(-1.0%)
Key Takeaway
Homes in Toluca Lake have sold for 1% less than they did a year ago.
Summary: The median home sold price in Toluca Lake was $1,040,000 in November 2024, down 1% from last year, and the median price per square foot was $636.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $490K | -10.9% |
| 2 Bedrooms | $725K | $865K | +19.3% |
| 3 Bedrooms | $1.2M | $1.3M | +7.0% |
| 4 Bedrooms | $2.3M | $2.3M | 0.5% |
| 5+ Bedrooms | $3.2M | $3.9M | +20.2% |
Summary: Toluca Lake housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Neighborhoods
| McNeil | $965.5K | $960K | -0.6% |
| Toluca Lake | $1.0M | $1.0M | -1.0% |
Housing Supply in Toluca Lake, CA
How many homes are available in Toluca Lake, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 35 | +2.9% |
Summary: The Toluca Lake real estate market had 35 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 12 | +33.3% |
| 3 Bedrooms | 13 | 13 | 0.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Toluca Lake housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 6 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toluca Lake, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Toluca Lake in November 2024, the same as the previous month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Toluca Lake, CA
How long does it take to sell a home in Toluca Lake, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 52 Days | +956.7% |
Summary: Homes in Toluca Lake had an average of 52 days on market in Nov 2024, up by 956.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Toluca Lake has remained consistent over time.
Summary: During November 2024, 6 homes were sold in Toluca Lake; 33% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 17% 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.