Is The San Fernando Valley, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, The San Fernando Valley has remained a Seller's Market.
Housing Prices in The San Fernando Valley, CA
How much do homes in The San Fernando Valley, CA cost?
Median Sold Price
$908,700
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in The San Fernando Valley was $908,700 in May 2024, up 5.1% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $385K | $399.3K | +3.7% |
2 Bedrooms | $610.2K | $640.1K | +4.9% |
3 Bedrooms | $837.5K | $869.9K | +3.9% |
4 Bedrooms | $1.0M | $1.1M | +6.0% |
5+ Bedrooms | $1.7M | $1.8M | +6.4% |
Summary: The San Fernando Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Neighborhoods
The San Fernando Valley | $864.2K | $908.7K | +5.1% |
Van Nuys | $799.9K | $840K | +5.0% |
Housing Supply in The San Fernando Valley, CA
How many homes are available in The San Fernando Valley, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2,742 | 3,083 | +12.4% |
Summary: The The San Fernando Valley real estate market had 3,083 homes for sale in May 2024, a 12.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 99 | 107 | +8.1% |
2 Bedrooms | 484 | 557 | +15.1% |
3 Bedrooms | 921 | 1,002 | +8.8% |
4 Bedrooms | 673 | 744 | +10.5% |
5+ Bedrooms | 565 | 673 | +19.1% |
Summary: The The San Fernando Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.1%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 19.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
705 | 704 | -0.1% |
Asking Price vs. Sold Price
225 Homes Were Sold
Under Asking
84 Homes Were Sold
At Asking
395 Homes Were Sold
Over Asking
Summary: A total of 704 homes were sold or pending in The San Fernando Valley in May 2024, down by 0.1% month-over-month. Of the 704 sold homes, 32% were sold under asking, 12% were sold at asking, and 56% were sold over asking.
Days on Market for The San Fernando Valley, CA
How long does it take to sell a home in The San Fernando Valley, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
28 Days | 22 Days | -21.6% |
Summary: Homes in The San Fernando Valley had an average of 22 days on market in May 2024, down by 21.6% compared to last year.
Breakdown of Home Sale Times
551 Homes Were Sold
Under 30 Days
129 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Summary: During May 2024, 704 homes were sold in The San Fernando Valley; 78% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.