$5,688 Closing Credit*
$479,000
1,041 SqFt
2 Beds
•2 Full Baths
Dean Corpening, Listing Office: TheHomeProZ
Is Valencia, 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, 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
$799,309
$501/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,309(+4.5%)
Key Takeaway
Homes in Valencia have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Valencia was $799,309 in October 2024, up 4.5% from last year, and the median price per square foot was $501.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $412.5K | $413K | 0.1% |
| 2 Bedrooms | $595K | $600K | +0.8% |
| 3 Bedrooms | $760K | $800K | +5.3% |
| 4 Bedrooms | $875K | $926K | +5.8% |
| 5+ Bedrooms | $1.0M | $1.1M | +3.2% |
Summary: Valencia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 3.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Copperhill | $710K | $865.5K | +21.9% |
| Valencia North | $755K | $815K | +7.9% |
| Valencia | $765K | $799.3K | +4.5% |
| Northbridge | $835K | $854.5K | +2.3% |
Housing Supply in Valencia, CA
How many homes are available in Valencia, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 197 | 205 | +4.1% |
Summary: The Valencia real estate market had 205 homes for sale in October 2024, a 4.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 10 | -16.7% |
| 2 Bedrooms | 51 | 57 | +11.8% |
| 3 Bedrooms | 67 | 72 | +7.5% |
| 4 Bedrooms | 54 | 50 | -7.4% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Valencia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 7.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 46 | 54 | +17.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Valencia, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Valencia in October 2024, up by 17.4% month-over-month. Of the 54 sold homes, 41% were sold under asking, 20% were sold at asking, and 39% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 30 Days | +95.1% |
Summary: Homes in Valencia had an average of 30 days on market in Oct 2024, up by 95.1% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
2 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 October 2024, 54 homes were sold in Valencia; 59% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 4% 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.