Pango Group

Canoga Park, CA

Single-Family Homes

www.pangogroup.com



Canoga Park, CA

Sun Jul 14 2024
This week the median list price for Canoga Park, CA is $1,149,499 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has increased to 46. Click here to stay informed with the Canoga Park market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Canoga Park, CA

Sun Jul 14 2024
This week the median list price for Canoga Park, CA is $1,149,499 with the market action index hovering around 61. This is less than last month's market action index of 63. Inventory has increased to 46. Click here to stay informed with the Canoga Park market!

Market Action Index

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

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 Canoga Park market.
Median List Price $1,149,499
Median Price of New Listings $974,499
Per Square Foot $562
Average Days on Market 35
Median Days on Market 21
Price Decreased 24%
Price Increased 2%
Relisted 2%
Inventory 46
Median Rent
Market Action 61
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,850,000 3,500 0.25 - 0.5 acre 5 4.5 32 2 0 21
$1,299,000 2,043 0.25 - 0.5 acre 4 3 61 0 1 21
$1,024,499 1,872 6,500 - 8,000 sqft 3 2 67 3 0 31
$799,475 1,486 6,500 - 8,000 sqft 3 2 66 5 3 7