Pango Group

Sylmar, CA 91342

Single-Family Homes

www.pangogroup.com



Sylmar, CA 91342

Tue Jul 16 2024
This week the median list price for Sylmar, CA 91342 is $899,838 with the market action index hovering around 64. This is less than last month's market action index of 67. Inventory has increased to 40. Click here to stay informed with the Sylmar market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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.

Sylmar, CA 91342

Tue Jul 16 2024
This week the median list price for Sylmar, CA 91342 is $899,838 with the market action index hovering around 64. This is less than last month's market action index of 67. Inventory has increased to 40. Click here to stay informed with the Sylmar market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since 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 Sylmar market.
Median List Price $899,838
Median Price of New Listings $879,000
Per Square Foot $525
Average Days on Market 56
Median Days on Market 25
Price Decreased 35%
Price Increased 5%
Relisted 5%
Inventory 40
Median Rent
Market Action 64
Strong Seller's Market

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$1,138,350 2,078 0.25 - 0.5 acre 4 3 53 1 1 21
$934,000 1,805 6,500 - 8,000 sqft 3 3 44 2 2 14
$844,475 1,567 4,500 - 6,500 sqft 4 2.5 44 0 1 52
$734,999 1,199 6,500 - 8,000 sqft 3 2 75 3 2 17