Pango Group

Mission Hills, CA

Single-Family Homes

www.pangogroup.com


Mission Hills, CA

Thu Nov 21 2024
This week the median list price for Mission Hills, CA is $1,069,000 with the market action index hovering around 57. This is less than last month's market action index of 61. Inventory has held steady at or around 8. Click here to stay informed with the Mission Hills market!

Market Action Index

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

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Mission Hills, CA

Thu Nov 21 2024
This week the median list price for Mission Hills, CA is $1,069,000 with the market action index hovering around 57. This is less than last month's market action index of 61. Inventory has held steady at or around 8. Click here to stay informed with the Mission Hills market!

Market Action Index

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

Strong Seller's Market

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Mission Hills market.
Median List Price $1,069,000
Median Price of New Listings $0
Per Square Foot $589
Average Days on Market 34
Median Days on Market 25
Price Decreased 13%
Price Increased 13%
Relisted 13%
Inventory 8
Median Rent
Market Action 57
Strong Seller's Market

The market continues its bounce again this week. We’re a long way from the market’s high point so watch the Market Action Index as a leading indicator for how long this trend will last.

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
$1,274,000 2,353 6,500 - 8,000 sqft 4 3 53 0 0 59
$1,084,500 1,929 6,500 - 8,000 sqft 4 3 68 0 0 24
$1,009,500 2,205 6,500 - 8,000 sqft 4 3 58 0 0 35
$901,250 1,478 6,500 - 8,000 sqft 3 2 67 0 0 17