$7,707 Closing Credit*
$649,000
896 SqFt
2 Beds
•2 Full Baths
NATHALIE ABDOYAN, Listing Office: THE ASSOCIATES REALTY GROUP
Is Valencia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Valencia has remained a Seller's Market.
Key Takeaway
Valencia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Valencia, CA
How much do homes in Valencia, CA cost?
Median Sold Price
$800,000
$500/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+4.6%)
Key Takeaway
Homes in Valencia have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Valencia was $800,000 in November 2024, up 4.6% from last year, and the median price per square foot was $500.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415.5K | $410K | -1.3% |
| 2 Bedrooms | $595K | $600K | +0.8% |
| 3 Bedrooms | $765K | $800K | +4.6% |
| 4 Bedrooms | $877K | $922.5K | +5.2% |
| 5+ Bedrooms | $1.1M | $1.1M | -0.6% |
Summary: Valencia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.3%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Valencia North | $753K | $820K | +8.9% |
| Northbridge | $827.5K | $870K | +5.1% |
| Valencia | $765K | $800K | +4.6% |
| Creekside | $739.5K | $747K | +1.0% |
Housing Supply in Valencia, CA
How many homes are available in Valencia, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 213 | 186 | -12.7% |
Summary: The Valencia real estate market had 186 homes for sale in November 2024, a 12.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 59 | 56 | -5.1% |
| 3 Bedrooms | 72 | 56 | -22.2% |
| 4 Bedrooms | 56 | 51 | -8.9% |
| 5+ Bedrooms | 15 | 12 | -20.0% |
Summary: The Valencia 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 decreased by 5.1%, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 46 | -13.2% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valencia, you could pay more than the asking price. 41.3% of homes here sold above asking price last month.
Summary: A total of 46 homes were sold or pending in Valencia in November 2024, down by 13.2% month-over-month. Of the 46 sold homes, 37% were sold under asking, 22% were sold at asking, and 41% were sold over asking.
Days on Market for Valencia, CA
How long does it take to sell a home in Valencia, CA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 20 Days | 32 Days | +54.0% |
Summary: Homes in Valencia had an average of 32 days on market in Nov 2024, up by 54% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Valencia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 46 homes were sold in Valencia; 61% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 11% 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.