Pango Group
Santa Paula, CA
Single-Family Homes
www.pangogroup.com
Santa Paula, CA
Thu Oct 24 2024
This week the median list price for Santa Paula, CA is $822,450 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has decreased to 22.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.
Real-Time Market Profile
| Median List Price | $822,450 | |
| Median Price of New Listings | $753,500 | |
| Per Square Foot | $399 | |
| Average Days on Market | 80 | |
| Median Days on Market | 49 | |
| Price Decreased | 36% | |
| Price Increased | 0% | |
| Relisted | 9% | |
| Inventory | 22 | |
| Median Rent | ||
| Market Action | 44 | |
| Slight Seller's Advantage | ||
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 |
|---|---|---|---|---|---|---|---|---|
| $3,199,000 | 3,000 | N/A | 3 | 2.5 | 16 | 0 | 0 | 203 |
| $1,197,000 | 2,861 | 0.25 - 0.5 acre | 4 | 3 | 28 | 1 | 1 | 28 |
| $769,995 | 2,137 | 4,500 - 6,500 sqft | 4 | 2.8 | 19 | 2 | 4 | 59 |
| $699,450 | 1,865 | 4,500 - 6,500 sqft | 3 | 2.5 | 4 | 1 | 2 | 49 |