$9,499 Closing Credit*
$799,900
1,200 SqFt
3 Beds
•2 Full Baths
Ricardo Munoz, Listing Office: Excellence RE Real Estate
Is Van Nuys, 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, Van Nuys has remained a Seller's Market.
Key Takeaway
Van Nuys is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Van Nuys, CA
How much do homes in Van Nuys, CA cost?
Median Sold Price
$825,666
$519/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,166(+1.0%)
Key Takeaway
Homes in Van Nuys have sold for 1% more than they did a year ago.
Summary: The median home sold price in Van Nuys was $825,666 in October 2024, up 1% from last year, and the median price per square foot was $519.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $383K | +9.4% |
| 2 Bedrooms | $505K | $537.5K | +6.4% |
| 3 Bedrooms | $831.2K | $857.5K | +3.2% |
| 4 Bedrooms | $910K | $935K | +2.7% |
| 5+ Bedrooms | $1.3M | $1.5M | +10.9% |
Summary: Van Nuys housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.4%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 10.9%.
Median Sold Price Compared To Nearby Neighborhoods
| The San Fernando Valley | $870.2K | $937.5K | +7.7% |
| Valley Glen | $990.5K | $1.0M | +5.0% |
| Panorama City | $640K | $662K | +3.4% |
| North Hills | $819K | $843.3K | +3.0% |
| Van Nuys | $817.5K | $825.6K | +1.0% |
Housing Supply in Van Nuys, CA
How many homes are available in Van Nuys, CA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 123 | 148 | +20.3% |
Summary: The Van Nuys real estate market had 148 homes for sale in October 2024, a 20.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 42 | 57 | +35.7% |
| 3 Bedrooms | 39 | 44 | +12.8% |
| 4 Bedrooms | 20 | 23 | +15.0% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Van Nuys housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 35.7%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 28 | +75.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Van Nuys, you could pay more than the asking price. 67.9% of homes here sold above asking price last month.
Summary: A total of 28 homes were sold or pending in Van Nuys in October 2024, up by 75.0% month-over-month. Of the 28 sold homes, 29% were sold under asking, 4% were sold at asking, and 68% were sold over asking.
Days on Market for Van Nuys, CA
How long does it take to sell a home in Van Nuys, CA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 32 Days | 21 Days | -33.8% |
Summary: Homes in Van Nuys had an average of 21 days on market in Oct 2024, down by 33.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Van Nuys are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 28 homes were sold in Van Nuys; 79% of homes were sold within 30 days, 21% 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.