Pango Group

Sylmar, CA

Single-Family Homes

www.pangogroup.com



Sylmar, CA

Sun Jul 14 2024
This week the median list price for Sylmar, CA is $899,925 with the market action index hovering around 64. This is less than last month's market action index of 67. Inventory has increased to 40. Click here to stay informed with the Sylmar market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Sylmar, CA

Sun Jul 14 2024
This week the median list price for Sylmar, CA is $899,925 with the market action index hovering around 64. This is less than last month's market action index of 67. Inventory has increased to 40. Click here to stay informed with the Sylmar market!

Market Action Index

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

Strong Seller's Market

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Sylmar market.
Median List Price $899,925
Median Price of New Listings $920,000
Per Square Foot $535
Average Days on Market 61
Median Days on Market 28
Price Decreased 33%
Price Increased 5%
Relisted 8%
Inventory 40
Median Rent
Market Action 64
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$1,274,500 2,079 0.25 - 0.5 acre 4 3 65 3 3 31
$949,000 1,805 8,000 - 10,000 sqft 3 3 44 1 2 10
$844,975 1,529 6,500 - 8,000 sqft 4 2.8 56 1 2 42
$734,999 1,333 8,000 - 10,000 sqft 3 2 75 2 3 52