Pango Group

Porter Ranch, CA

Single-Family Homes

www.pangogroup.com



Porter Ranch, CA

Fri Dec 13 2024
This week the median list price for Porter Ranch, CA is $1,845,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 72. 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.

Slight Seller's Advantage

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.

Porter Ranch, CA

Fri Dec 13 2024
This week the median list price for Porter Ranch, CA is $1,845,000 with the market action index hovering around 35. This is less than last month's market action index of 36. Inventory has decreased to 72. 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.

Slight Seller's Advantage

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 Porter Ranch market.
Median List Price $1,845,000
Median Price of New Listings $1,297,475
Per Square Foot $558
Average Days on Market 105
Median Days on Market 81
Price Decreased 51%
Price Increased 3%
Relisted 18%
Inventory 72
Median Rent
Market Action 35
Slight Seller's Advantage

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
$3,324,950 5,043 0.25 - 0.5 acre 5 5.5 2 1 2 101
$2,149,500 3,914 8,000 - 10,000 sqft 5 5 9 1 0 119
$1,399,900 2,528 0.25 - 0.5 acre 4 3 54 2 3 91
$1,164,444 2,233 6,500 - 8,000 sqft 4 2.8 48 6 4 42