Pango Group

Porter Ranch, CA

Single-Family Homes

www.pangogroup.com



Porter Ranch, CA

Sun Mar 03 2024
This week the median list price for Porter Ranch, CA is $2,890,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 33. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Porter Ranch, CA

Sun Mar 03 2024
This week the median list price for Porter Ranch, CA is $2,890,000 with the market action index hovering around 50. This is about the same as last month's market action index of 50. Inventory has decreased to 33. 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 not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.

Real-Time Market Profile

Never miss important changes in the Porter Ranch market.
Median List Price $2,890,000
Median Price of New Listings $1,299,900
Per Square Foot $632
Average Days on Market 82
Median Days on Market 42
Price Decreased 30%
Price Increased 9%
Relisted 12%
Inventory 33
Median Rent
Market Action 50
Strong Seller's Market

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$3,924,999 5,435 0.25 - 0.5 acre 5 6 1 0 0 133
$3,144,443 4,942 8,000 - 10,000 sqft 5 6 1 0 1 56
$2,724,997 4,274 0.25 - 0.5 acre 5 6 3 1 0 35
$1,299,900 2,405 8,000 - 10,000 sqft 4 3 51 2 3 21