Pango Group

Sunland, CA 91040

Single-Family Homes

www.pangogroup.com



Sunland, CA 91040

Sun Jul 14 2024
This week the median list price for Sunland, CA 91040 is $1,100,000 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has increased to 24. Click here to stay informed with the Sunland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Sunland, CA 91040

Sun Jul 14 2024
This week the median list price for Sunland, CA 91040 is $1,100,000 with the market action index hovering around 51. This is less than last month's market action index of 58. Inventory has increased to 24. Click here to stay informed with the Sunland market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Sunland market.
Median List Price $1,100,000
Median Price of New Listings $899,000
Per Square Foot $651
Average Days on Market 88
Median Days on Market 25
Price Decreased 29%
Price Increased 4%
Relisted 13%
Inventory 24
Median Rent
Market Action 51
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$1,880,000 3,156 0.5 - 1 acre 3 4 49 0 0 42
$1,222,500 2,036 0.25 - 0.5 acre 3 3 70 1 0 21
$1,018,750 1,431 6,500 - 8,000 sqft 3 2 89 1 2 28
$862,239 1,405 4,500 - 6,500 sqft 2 2 73 1 1 7