Mark's Market Report
Santa Clarita, CA
Single-Family Homes
310-857-4956 | markbolender@remax.net | 661-714-0510 | www.markbolender.me
Santa Clarita, CA
Thu Apr 25 2024
This week the median list price for Santa Clarita, CA is $1,200,000 with the market action index hovering around 46. This is an increase over last month's market action index of 42. Inventory has increased to 7.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $1,200,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $499 | |
| Average Days on Market | 57 | |
| Median Days on Market | 42 | |
| Price Decreased | 14% | |
| Price Increased | 43% | |
| Relisted | 0% | |
| Inventory | 7 | |
| Median Rent | ||
| Market Action | 46 | |
| Strong Seller's Market | ||
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,579,000 | 3,218 | 4,500 - 6,500 sqft | 5 | 4 | 4 | 0 | 0 | 56 |
| $1,355,120 | 3,157 | 8,000 - 10,000 sqft | 4 | 3.3 | 2 | 0 | 0 | 42 |
| $1,022,500 | 2,475 | 8,000 - 10,000 sqft | 3 | 2.5 | 3 | 0 | 0 | 28 |
| $802,000 | 1,529 | 4,500 - 6,500 sqft | 2 | 2 | 28 | 0 | 0 | 101 |