Pango Group
Canoga Park, CA
Single-Family Homes
www.pangogroup.com
Canoga Park, CA
Thu May 09 2024
This week the median list price for Canoga Park, CA is $1,294,500 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has increased to 28.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.
Real-Time Market Profile
| Median List Price | $1,294,500 | |
| Median Price of New Listings | $989,444 | |
| Per Square Foot | $497 | |
| Average Days on Market | 29 | |
| Median Days on Market | 14 | |
| Price Decreased | 21% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 28 | |
| Median Rent | ||
| Market Action | 78 | |
| Strong Seller's Market | ||
Though this week saw relatively little price change from last week, the market seems to be show some signs of strength. 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 |
|---|---|---|---|---|---|---|---|---|
| $1,840,000 | 4,359 | 0.25 - 0.5 acre | 5 | 5.5 | 36 | 0 | 2 | 7 |
| $1,399,000 | 2,346 | 8,000 - 10,000 sqft | 3 | 3 | 60 | 1 | 2 | 21 |
| $1,200,000 | 2,056 | 6,500 - 8,000 sqft | 5 | 3 | 72 | 0 | 3 | 21 |
| $939,000 | 1,661 | 6,500 - 8,000 sqft | 3 | 2 | 67 | 3 | 5 | 7 |