$5,344 Closing Credit*
$449,999
836 SqFt
2 Beds
•1 Full Bath
Dionne Survert, Listing Office: Spartan Premier Properties
Is Van Nuys, 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, Van Nuys was a Seller's Market.
Key Takeaway
Van Nuys is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Van Nuys, CA
How much do homes in Van Nuys, CA cost?
Median Sold Price
$820,000
$513/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Van Nuys has remained the same since last year.
Summary: The median home sold price in Van Nuys was $820,000 in November 2024, the same as last year, and the median price per square foot was $513.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $377.5K | $370K | -2.0% |
| 2 Bedrooms | $522.5K | $535K | +2.4% |
| 3 Bedrooms | $835K | $855K | +2.4% |
| 4 Bedrooms | $910K | $960K | +5.5% |
| 5+ Bedrooms | $1.3M | $1.5M | +14.5% |
Summary: Van Nuys housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 14.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Panorama City | $615K | $710K | +15.4% |
| The San Fernando Valley | $877K | $935.4K | +6.7% |
| Valley Glen | $994.5K | $1.0M | +4.6% |
| North Hills | $826.5K | $850K | +2.8% |
| Van Nuys | $820K | $820K | 0.0% |
Housing Supply in Van Nuys, CA
How many homes are available in Van Nuys, CA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 138 | 142 | +2.9% |
Summary: The Van Nuys real estate market had 142 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 | 1 | 1 | 0.0% |
| 2 Bedrooms | 54 | 49 | -9.3% |
| 3 Bedrooms | 44 | 49 | +11.4% |
| 4 Bedrooms | 21 | 21 | 0.0% |
| 5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Van Nuys 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 9.3%, 3 bedroom homes increased by 11.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 22 | -21.4% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Van Nuys, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Van Nuys in November 2024, down by 21.4% month-over-month. Of the 22 sold homes, 45% were sold under asking, 9% were sold at asking, and 45% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 47 Days | 36 Days | -23.7% |
Summary: Homes in Van Nuys had an average of 36 days on market in Nov 2024, down by 23.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 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 November 2024, 22 homes were sold in Van Nuys; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% 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.