Pango Group

Granada Hills, CA

Single-Family Homes

www.pangogroup.com



Granada Hills, CA

Mon Oct 07 2024
This week the median list price for Granada Hills, CA is $1,279,000 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 59. Click here to stay informed with the Granada 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 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.

Granada Hills, CA

Mon Oct 07 2024
This week the median list price for Granada Hills, CA is $1,279,000 with the market action index hovering around 54. This is less than last month's market action index of 58. Inventory has increased to 59. Click here to stay informed with the Granada 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 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 Granada Hills market.
Median List Price $1,279,000
Median Price of New Listings $1,279,000
Per Square Foot $568
Average Days on Market 64
Median Days on Market 35
Price Decreased 34%
Price Increased 5%
Relisted 10%
Inventory 59
Median Rent
Market Action 54
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
$2,174,975 3,731 0.25 - 0.5 acre 4 4 56 1 0 45
$1,399,999 2,603 0.25 - 0.5 acre 4 3 62 3 3 35
$1,199,000 2,200 8,000 - 10,000 sqft 4 3 63 2 3 35
$975,000 1,720 6,500 - 8,000 sqft 3 2 68 1 4 21