Pango Group

Mission Hills, CA

Single-Family Homes

www.pangogroup.com



Mission Hills, CA

Sun Mar 03 2024
This week the median list price for Mission Hills, CA is $995,000 with the market action index hovering around 59. This is less than last month's market action index of 61. Inventory has decreased to 5. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Mission Hills, CA

Sun Mar 03 2024
This week the median list price for Mission Hills, CA is $995,000 with the market action index hovering around 59. This is less than last month's market action index of 61. Inventory has decreased to 5. 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 conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Mission Hills market.
Median List Price $995,000
Median Price of New Listings $995,999
Per Square Foot $485
Average Days on Market 41
Median Days on Market 35
Price Decreased 60%
Price Increased 0%
Relisted 20%
Inventory 5
Median Rent
Market Action 59
Strong Seller's Market

Price trends continued their recent uptrend this week. While still below the market’s price high-point, we’ve seen a nice run recently.

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
$1,159,000 1,812 0.25 - 0.5 acre 3 2 66 0 0 35
$995,999 2,050 8,000 - 10,000 sqft 4 3 70 1 0 0
$995,000 1,030 6,500 - 8,000 sqft 3 2 75 0 0 63
$927,500 2,186 6,500 - 8,000 sqft 4 3.5 69 0 1 52