Pango Group

Porter Ranch, CA

Single-Family Homes

www.pangogroup.com



Porter Ranch, CA

Sat Jul 20 2024
This week the median list price for Porter Ranch, CA is $2,039,999 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has increased to 62. Click here to stay informed with the Porter Ranch 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Porter Ranch, CA

Sat Jul 20 2024
This week the median list price for Porter Ranch, CA is $2,039,999 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has increased to 62. Click here to stay informed with the Porter Ranch 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 at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable.

Real-Time Market Profile

Never miss important changes in the Porter Ranch market.
Median List Price $2,039,999
Median Price of New Listings $1,595,500
Per Square Foot $593
Average Days on Market 80
Median Days on Market 49
Price Decreased 39%
Price Increased 2%
Relisted 19%
Inventory 62
Median Rent
Market Action 50
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$3,399,999 5,435 0.25 - 0.5 acre 5 6 2 1 0 91
$2,399,000 4,116 8,000 - 10,000 sqft 5 6 6 1 0 70
$1,597,250 3,061 0.25 - 0.5 acre 4 4 10 2 3 28
$1,249,000 2,233 6,500 - 8,000 sqft 4 3 42 3 3 14