Pango Group

Canoga Park, CA

Single-Family Homes

www.pangogroup.com



Canoga Park, CA

Mon Oct 07 2024
This week the median list price for Canoga Park, CA is $1,197,499 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has decreased to 58. 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

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.

Canoga Park, CA

Mon Oct 07 2024
This week the median list price for Canoga Park, CA is $1,197,499 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has decreased to 58. 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

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 Canoga Park market.
Median List Price $1,197,499
Median Price of New Listings $1,149,000
Per Square Foot $562
Average Days on Market 52
Median Days on Market 42
Price Decreased 38%
Price Increased 3%
Relisted 12%
Inventory 58
Median Rent
Market Action 48
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
$1,812,000 3,743 0.25 - 0.5 acre 5 4.3 35 3 3 66
$1,412,499 2,510 0.25 - 0.5 acre 4 3 58 1 1 42
$1,099,000 1,874 6,500 - 8,000 sqft 4 2.5 62 4 3 35
$850,000 1,409 6,500 - 8,000 sqft 3 2 66 3 3 21