Pango Group

Sylmar, CA

Single-Family Homes

www.pangogroup.com



Sylmar, CA

Thu Feb 06 2025
This week the median list price for Sylmar, CA is $899,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 43. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Sylmar, CA

Thu Feb 06 2025
This week the median list price for Sylmar, CA is $899,000 with the market action index hovering around 44. This is less than last month's market action index of 48. Inventory has increased to 43. 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.

Slight Seller's Advantage

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Sylmar market.
Median List Price $899,000
Median Price of New Listings $800,000
Per Square Foot $540
Average Days on Market 82
Median Days on Market 49
Price Decreased 16%
Price Increased 5%
Relisted 9%
Inventory 43
Median Rent
Market Action 44
Slight Seller's Advantage

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
$1,392,500 2,173 0.25 - 0.5 acre 4 2.8 41 0 3 77
$999,000 2,051 6,500 - 8,000 sqft 4 3 66 3 1 42
$849,000 1,480 6,500 - 8,000 sqft 3 2 68 0 2 42
$700,000 1,202 8,000 - 10,000 sqft 3 1 77 4 4 42