$8,906 Closing Credit*
$750,000
1,230 SqFt
2 Beds
•2 Full Baths
Danielle Franenberg, Listing Office: Earnest Homes
Is Toluca Lake, 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, Toluca Lake was a Seller's Market.
Key Takeaway
Toluca Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Toluca Lake, CA
How much do homes in Toluca Lake, CA cost?
Median Sold Price
$975,000
$638/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$75,000(-7.1%)
Key Takeaway
Homes in Toluca Lake have sold for 7.1% less than they did a year ago.
Summary: The median home sold price in Toluca Lake was $975,000 in October 2024, down 7.1% from last year, and the median price per square foot was $638.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $550K | $490K | -10.9% |
| 2 Bedrooms | $725K | $825K | +13.8% |
| 3 Bedrooms | $1.2M | $1.4M | +19.3% |
| 4 Bedrooms | $2.3M | $2.3M | 0.5% |
| 5+ Bedrooms | $3.2M | $3.9M | +22.0% |
Summary: Toluca Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 22%.
Housing Supply in Toluca Lake, CA
How many homes are available in Toluca Lake, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Summary: The Toluca Lake real estate market had 39 homes for sale in October 2024, a 11.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 5 | 9 | +80.0% |
Summary: The Toluca Lake 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 decreased by 7.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 80%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were 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. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Toluca Lake in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 101 Days | +99.6% |
Summary: Homes in Toluca Lake had an average of 101 days on market in Oct 2024, up by 99.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Toluca Lake are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 5 homes were sold in Toluca Lake; 0% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 60% 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.