Pango Group

Porter Ranch, CA

Single-Family Homes

www.pangogroup.com



Porter Ranch, CA

Sun Apr 14 2024
This week the median list price for Porter Ranch, CA is $2,575,000 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has decreased to 41. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Porter Ranch, CA

Sun Apr 14 2024
This week the median list price for Porter Ranch, CA is $2,575,000 with the market action index hovering around 51. This is an increase over last month's market action index of 49. Inventory has decreased to 41. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Porter Ranch market.
Median List Price $2,575,000
Median Price of New Listings $1,937,450
Per Square Foot $636
Average Days on Market 64
Median Days on Market 35
Price Decreased 24%
Price Increased 5%
Relisted 17%
Inventory 41
Median Rent
Market Action 51
Strong Seller's Market

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
$3,740,000 5,423 8,000 - 10,000 sqft 5 6 1 0 1 56
$2,989,000 4,784 0.25 - 0.5 acre 5 6 1 3 1 84
$2,249,500 3,588 0.25 - 0.5 acre 5 5.5 4 1 3 35
$1,200,000 2,162 0.25 - 0.5 acre 4 3 49 4 4 7